Tobaccobull Accelerated decline in demand for combustiblesbull All new technologies contain less tobacco per unitbull China bull Exports to other Buyers downhellipbull Bottom Line overall trend is declining demand
2020 US Cotton Acreage2019 2020
Planted Planted Harvested Abandonment
Southeast 2965 2380 2337 2
Mid-South 2400 1800 1772 2
Southwest 7865 7525 4505 40
West 278 210 198 6
All Upland 13508 11915 9005 24
Thousand Acres
Total may not add due to roundingSource National Cotton Council
Cotton US Balance Sheet
1920 2021 ChangeProduction 199 171 -28Mill Use 21 25 +04Exports 155 146 -09Stocks 72 72 0StocksUse 41 42 +1
Million Bales
Source National Cotton Council
Cotton World Balance Sheet
1920 2021
Production 1220 1172
Mill Use 1021 1127
Trade 407 417
Stocks 994 1038
StocksUse 974 921
Million Bales
Source National Cotton Council
Peanut Situationbull Stocks declined from 163 billion to 136 billion from July 2019 to
July 2020bull Production is forecast up 23 bull Use is up 6 from 201819 to 20192020
2019 Productionmillion lbs
2020 Productionmillion lbs
(Aug Forecast)
2020 Harvested Acres
(Aug Forecast)
Georgia 2772 3600 800000
North Carolina 444 441 105000
US 5496 6793 1623200
US Peanut Use
Millionpounds
Candy Snacks PeautButter
Other Products
Total Shelled EdibleGrades
Total Shelled All Grades
In Shell
Aug-July201819
381 468 1342 113 2304 2790 138
Aug-July201920
396 481 1410 92 2379 2959 141