First quarter cotton lint, cotton seed price/marketing figures issued

Cumulative Upland Cotton marketings for the first three months of the 2021 marketing year totaled 1.625 million bales according to information released November 30 by the USDA National Agricultural Statistics Service.

Only 296,000 bales off the pace set during the same period last season, shipments for the first quarter of the 2021 Upland Cotton marketing year is good news to growers. Equally favorable to growers with cotton to sell is the upswing in cotton prices seen during the harvest season. The first month of the market

The first month of the marketing year included August prices that averaged 73.2 cents per pound and total marketings of just over 600,000 bales. September brought a 3-cent jump in the average price received to 76.3 cents per pound, but a decline in total marketings which totaled only 263,000 bales for the month.

According to USDA figures released November 30, October 2021 cotton marketings totaled 753,000 bales with an average selling price of 84.4 cents per pound which reflects the stronger prices that were beginning to settle in at that time.

So far, the 2021 Upland Cotton Weighted Average Price, calculated through October 2021, stands at 78.9 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 ton in October.

The 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 October 31, 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 Agri culture Risk Coverage (ARC) programs authorized under the 2018 Farm Bill. Preliminary estimates from the USDA Farm Service Agency.

Current projections for the 2021-crop national average price received by growers for Seed Cotton, released by the USDA Farm Service Agency on December 9, estimates a MYA price of $0.4595 per pound. That puts the estimated 2021-crop MYA price for Seed Cotton 9.25 cents per pound above the $0.3670 reference price Seed Cotton.