In its December crop report, USDA estimated a 2023-24 U.S. crop of 12.78 million bales. That is down from an estimate of 13.09 million bales in the November report Upland production was estimated at 12.45 million bales, down from 12.74 million last month, and extra-long staple production at 331,000 bales, down from the November estimate of 354,000 bales.Harvested area was an estimated 8.02 million acres in the lastest report, implying a nonharvested area of about 2.21 million acres. The resulting abandonment rate is about 21.61%.The national average yield per harvested acre was estimated to be about 765 pounds, 93 pounds ...