By admin       2018-05-12

Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was moderate. Average local spot prices were higher. Trading of CCC-loan equities was inactive. Planting activity advanced at a rapid pace across the lower Southeast as sunny and dry weather prevailed across the region during the period. Daytime high temperatures were in the low to upper 80s. Producers took advantage of the ideal weather conditions to complete fieldwork. The warm temperatures will help advance seed germination. However, in some areas of Georgia, planting on dryland fields will stop soon in areas where soil moisture remains insufficient. According to the U.S. Drought monitor, moderate-to-severe drought conditions persisted in portions of south Alabama, coastal Georgia, and South Carolina. Producers in these areas would welcome a soaking rainfall to replenish subsoil moisture. Sunny to partly cloudy conditions prevailed across the Carolinas and Virginia during the period, with variable daytime high temperatures in the upper 70s to upper 80s. Over the weekend, scattered showers brought from one-quarter of an inch to two inches of moisture to portions of eastern North Carolina and Virginia. Planting activity was gaining momentum, but was delayed in areas due to wet conditions. Across the Southeast, seedlings were emerging in the earliest-planted fields. According to the National Agricultural Statistics Service’s Crop Progress report released May 7, planting had reached 32 percent completed in Alabama, 22 in Virginia, 20 in Georgia, 14 in North Carolina, and 12 percent completed in South Carolina.

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