According to USDA figures released December 30, November 2021 cotton marketings totaled 3,336,000 bales, a huge and impressive uptick in the number of bales marketed compared to the previous month.
As expected, stronger prices for 2021-crop cotton continue to push the projected market year average (MYA) price received by growers for cotton lint higher as well. The November marketings averaged 85.90 cents per pound.
With November’s huge marketing total included in the calculation, the 2021 Upland Cotton Weighted Average Price calculated through November 2021 jumped an impressive 4.7 cents and now stands at 83.60 cents per pound. This figure should continue to rise as more 2021 bales are shipped.
Cottonseed prices have been equally strong throughout the harvest season averaging $255 per ton in August, $235 per ton in September, and $244 per tonin both October and November.
The following table shows the average price received each month by farmers and the associated weighted average price based on prices and cumulative marketings from August 1 through November 30, 2021.
For cotton, the 12-month Weighted Average Price will reflect price and marketings for the 2021 marketing year. The 2021 cotton marketing year began on August 1, 2021 and ends July 31, 2022.
The combination of the national average price received for cotton lint and for cottonseed is used to calculate the final market year average (MYA) price received for Seed Cotton. This figure is used by the USDA Farm Service Agency to determine final payment rates for the Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) programs authorized under the 2018 Farm Bill.