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USDA reduces 2023 upland cotton guess

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The USDA has lowered its expectations for the 2023 U.S. cotton crop.

Upland cotton production is now estimated at 12.445 million bales, a decline 2% from November, with an average yield of 758 pounds per acre, 18 below a month ago and no changes to harvested area at 7.88 million acres.

That projected 2023 total is 10% below a year ago with production dragged down by ongoing drought in some key states impacting yields, especially Texas, the nation’s largest cotton producer.

USDA reduces 2023 upland cotton guess