The USDA says farmers planted fewer acres of cotton this year, while rice acreage was higher.

Upland cotton planted area was 11.577 million acres, 3% less than last year, and less than what analysts were expecting heading into the report.

Rice acreage was 2.661 million acres, down 375,000 from 2020 and close to pre-report estimates, with harvested area of 2.616 million acres, implying a roughly steady rate of abandonment.

This report does not take into account any loss or damage since the survey was completed June 17th.

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