At its Annual Convention, held virtually on February 11th, the National Cotton Council released its 40th Annual Early Season Planting Intentions Survey, which showed that U.S. cotton producers intend to plant 11.5 million cotton acres this spring, down 5.2% from 2020 based on USDA’s February 2021 estimate. For Arkansas, the survey showed an estimate of 489,000 acres, a decrease of 6.8% from 2020. Market prices have improved in recent weeks since the survey was issued.
More below:
https://www.cotton.org/ncc-login.cfm?backurl=https://www.cotton.org/econ/reports/annual-outlook.cfm
http://www.cotton.org/econ/reports/intentions.cfm
@NCottonCouncil acreage estimates for 2021 from its Annual Early Season Planting Intentions Survey revealed today at its Annual Meeting. pic.twitter.com/JaGM5i0FDM
— AgCouncilofAr (@AgCouncilofAr) February 11, 2021