{"id":3561,"date":"2024-07-24T14:29:51","date_gmt":"2024-07-24T19:29:51","guid":{"rendered":"https:\/\/agrilife.org\/agecon\/?p=3561"},"modified":"2024-07-24T14:29:51","modified_gmt":"2024-07-24T19:29:51","slug":"june-report-indicates-more-acres-planted-to-cotton","status":"publish","type":"post","link":"https:\/\/agrilife.org\/agecon\/june-report-indicates-more-acres-planted-to-cotton\/","title":{"rendered":"June Report Indicates More Acres Planted to Cotton"},"content":{"rendered":"
\"Picture

Aug. 9, 2022 in College Station, Texas. (Sam Craft\/Texas A&M AgriLife Marketing and Communications)<\/p><\/div>\n

On June 28, USDA released its Acreage Report<\/a> for 2024.\u00a0 In this post, we look at how planted acres in 2024 for corn, sorghum, wheat and cotton compares to 2023 and to the March Prospective Plantings survey.\u00a0 We also examine how the Acreage report impacts production estimates in the July WASDE<\/a>.<\/p>\n

<\/p>\n

<\/h3>\n

 <\/p>\n

Report Summary<\/h3>\n

The June acreage report shows significant changes in planted acres compared to last year.\u00a0 Table 1 compares acreage in the June report to planted acres in 2023 for the principal crops grown on the Texas High Plains.\u00a0 According to the report, producers planted fewer acres this year in corn, sorghum, and wheat. \u00a0However, when USDA published the report, there were about 3 million acres of corn yet to be planted.\u00a0 If those acres are planted, 2024 corn planted acres will approximately equal 2023 acreage.\u00a0 Upland cotton acres posted the lone increase relative to 2023 with about 1.4 million more acres planted in 2024.<\/p>\n

\"Table

Table 1. United States Planted Acres, 2023 vs. June 2024<\/p><\/div>\n

Table 2 illustrates how planted acres in 2024 compares to 2023 for the state of Texas.\u00a0 The story in Texas is like that of the United States.\u00a0 The report shows significantly fewer acres planted to corn, sorghum and wheat and significantly more acres planted to cotton.<\/p>\n

\"Table

Table 2. Texas Planted Acres, 2023 vs. June 2024<\/p><\/div>\n

Tables 3 and 4 compare numbers from the June report to those reported in the March Prospective Plantings Survey<\/a>. \u00a0For the United States (Table 3), planted acres for corn and sorghum are up slightly compared to March survey while wheat acres are down.\u00a0 In Texas (Table 4), corn acres held steady while sorghum and wheat acres are less.\u00a0 For both the United States and Texas, the surprise from Mach to June is acres planted to cotton.\u00a0 Nationally, producers planted about 1 million more acres than anticipated in the March survey.\u00a0 About 900 thousand of those additional acres were planted in Texas.<\/p>\n

\"Table

Table 3. United States Planted Acres, March vs. June 2024<\/p><\/div>\n

\"Table

Table 4. Texas Planted Acres, March vs. June 2024<\/p><\/div>\n

Potential Impact on Production<\/h3>\n

So how will the changes in acreage reported above impact production and supply in 2024?\u00a0 Table 5 summarizes the July WASDE report, published on July 12.\u00a0 Compared to the 2023\/24 crop year, production and ending stocks are expected to increase significantly for all four crops.\u00a0 For corn, sorghum, and wheat, this is the result of two things.\u00a0 Yield increases offset acreage reductions, and USDA expects larger beginning stocks this year.\u00a0 The increase in cotton ending stocks is the result of more acres planted and fewer acres abandoned relative to 2023.<\/p>\n

\"Table

Table 5. WASDE summary, July 2024<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

On June 28, USDA released its Acreage Report for 2024.\u00a0 In this post, we look at how planted acres in 2024 for corn, sorghum, wheat and cotton compares to 2023… Read More →<\/a><\/span><\/p>\n","protected":false},"author":2184,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[23,19,18,9,29,22],"tags":[],"class_list":["post-3561","post","type-post","status-publish","format-standard","category-corn","category-cotton","category-crops","category-high-plains-ag-week","category-sorghum","category-wheat","entry"],"acf":[],"yoast_head":"\nJune Report Indicates More Acres Planted to Cotton - Ag Economics on the Plains<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/agrilife.org\/agecon\/june-report-indicates-more-acres-planted-to-cotton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"June Report Indicates More Acres Planted to Cotton - Ag Economics on the Plains\" \/>\n<meta property=\"og:description\" content=\"On June 28, USDA released its Acreage Report for 2024.\u00a0 In this post, we look at how planted acres in 2024 for corn, sorghum, wheat and cotton compares to 2023... 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