USDA January Production Report

In its January crop report, USDA estimated a 2024-25 U.S. crop of 14.41 million bales. Upland production was estimated at 13.95 million bales and ELS production at 468,000 bales. 

Harvested area was an estimated 8.27 million acres, implying a non-harvested area of roughly 2.91 million acres. The resulting abandonment rate is roughly 26.03%. The national average yield per harvested acre was estimated to be roughly 836 pounds, 26 pounds lower than the 5-year average.