The second crop has been plagued by untimely rain, pests, disease, and insufficient use of inputs. Production is estimated lower based on declines in India and Argentina. Production of cottonseed is forecast lower due to lower cotton arrivals at receiving stations. A higher estimate for peanuts due to favorable weather and an upward revision in harvest area offset part of the decline in production. No change this month.
Record production is forecast.
Production is forecast lower due to decreases in the United States and the total foreign category. Last year's production was a record. Production is forecast lower due to heavy and prolonged rainfall in the main cotton area, reducing potential yield.