The National Agricultural Statistics Service (NASS) released a crop production report Friday, saying U.S. cotton production is forecast at 12.6 million 480-pound bales, down 28 percent from 2021.According to the World Agricultural Supply and Demand Estimates (WASDE) report, this is the lowest production forecast since 2009/2010 — the crop reduced by projected historically high abandonment in the Southwest.Based on conditions as of August 1, 2022, yields are expected to average 846 pounds per harvested acre, up 27 pounds from 2021. Upland cotton production is forecast at 12.2 million bales, down 29% from 2021. All cotton area harvested is forecast at ...