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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.


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There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
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