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Variations in USDA and NCC projections reflect the uncertainty remaining among cotton producers as they finalize their 2024 plans.
Lower, stagnant market prices and continuing economic and geopolitical concerns are pushing U.S. cotton acres into a holding pattern for 2024.
USDA’s June 30 Planted Acres report showed that U.S. cotton growers have planted an estimated 11.1 million acres of upland and Pima cotton in 2023 – a 19% decrease from 2023.