Farms.com Home   News

2024 Oklahoma crop report - Wheat steady, cotton surges

Aug 13, 2024
By Farms.com

August updates show Oklahoma's cotton doubles, wheat stable

 

The latest crop production figures from Oklahoma reveal a mixed agricultural landscape in 2024. According to the August USDA report, Oklahoma's winter wheat production remains stable compared to 2023, with farmers harvesting 2.7 million acres yielding 39 bushels per acre. This results in production of 105.3 million bushels, marking a 54% increase over the previous year.

Contrastingly, Oklahoma's cotton production shows remarkable growth. The 2024 forecast predicts 430 thousand bales, a 105% surge from 2023. This is attributed to improved yield averages of 655 pounds per acre and increased acreage of 315 thousand acres.

In neighboring Texas, cotton also shows significant growth, while wheat production drops slightly. Kansas, a major player in wheat production, reports a 56% increase in its crop yield.

The report also touches on other crops: Oklahoma's soybean production is expected to rise by 28%, while corn shows a modest 9% increase. Sorghum, however, is set to decrease by 27% due to lower yield and reduced harvested acres.

Additionally, Oklahoma is set to experience a 21% reduction in hay production in 2024, impacting the state’s ranking in the U.S. hay market.

These statistics reflect the dynamic nature of agricultural production, influenced by varying climatic conditions and market demands, providing a clear picture of the state's crop performance heading into the latter part of the year.


Trending Video

USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.