Posts in Cotton
2022 in Review: Making Cotton More Competitive

In 2022, the National Cotton Council (NCC) was very active on matters affecting cotton growers’ competitiveness. 

The NCC testified at multiple Congressional hearings about what is working in the current farm law, including crop insurance policy, and what are the needs in upcoming 2023 farm law reauthorization. NCC Chairman Ted Schneider, a Louisiana producer, also appointed an NCC Farm Policy Task Force with representation from the seven segments. This panel is charged with developing our farm bill priorities by early next year. 

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CottonAllie Shipley
2022 Cotton Crop Recap

Cotton harvest in Louisiana is wrapping up and was around 98% completed as of Nov. 4, which is around 10% greater than our five-year average. We couldn’t have asked for better weather during harvest this year. Hot and dry conditions throughout the growing season and excessive rainfall in August resulted in extremely variable yields throughout the state. Average yields for the state are projected to be around 850 lbs. of lint per acre, which is below the 2021 state average.

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CottonAllie Shipley
House Passes Rail Bill

National Cotton Council Chairman Ted Schneider said the U.S. cotton industry appreciates the House for its approval today of legislation that would force a tentative rail labor agreement and avert a national strike or lockout.

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CottonAllie Shipley
November 2022 Crop Market Report

This month’s 2022/23 U.S. corn outlook is for higher production, larger feed and residual use, and greater ending stocks. Corn production is forecast at 13.930 billion bushels, up 35 million from last month on a 0.4-bushel increase in yield to 172.3 bushels per acre. Feed and residual use is higher based on a larger crop. With supply rising more than use, corn ending stocks are raised 10 million bushels.

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U.S. Cotton Trust Protocol Report Shows Increased Acreage and Improved Environmental Performance

The U.S. Cotton Trust Protocol has published its second annual report, detailing the results for the 2021-22 period (August 1st, 2021-July 31st, 2022). The farm-level, science-based sustainability program today reports significant improvements in the sustainability metrics measured; an increase in membership across the value chain; the completion of nine successful pilots; and its growing international recognition by independent and government bodies.

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Cottondon molino
2023 Beltwide Cotton Consultants Conference

This year’s Beltwide Cotton Conferences will be held in New Orleans, Louisiana, Jan. 10-12 at the New Orleans Marriott. The Cotton Consultants session will be held during the afternoon Jan. 10 and continue the morning of Jan. 11. The session is open to all registered attendees.

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Cottondon molino
October 2022 Crop Market Update for Corn, Soybeans, Rice, and Cotton

This month’s 2022/23 U.S. corn outlook is for reduced supplies, greater feed and residual use, lower exports and corn used for ethanol, and smaller ending stocks. Corn production is forecast at 13.895 billion bushels, down 49 million on a reduction in yield to 171.9 bushels per acre. Corn supplies are forecast at 15.322 billion bushels, a decline of 172 million bushels from last month, as lower production and beginning stocks are partially offset by higher imports.

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USDA Announces 2023 Upland Cotton Marketing Assistance Loan Rate

The U.S. Department of Agriculture (USDA) Commodity Credit Corporation today announced that the marketing assistance loan rate for 2023-crop base quality upland cotton is 52.00 cents per pound.

Marketing assistance loans provide interim financing to producers so that commodities can be stored upon harvest when market prices are typically low and sold later when price conditions are more favorable.

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Cotton, USDAdon molino