By admin       2018-05-12

Spot cotton trading was moderate. Supplies and producer offerings were moderate. Demand was good. Average local spot prices were higher. Producer interest in forward contracting was light, due to droughty conditions. Trading of CCC-loan equities was active. Foreign inquiries were light-to-moderate. Interest was best from Indonesia, Pakistan, and Taiwan. Dry, windy conditions prevailed, with daytime highs in the mid-80s to mid-90s and overnight lows in the upper 40s to upper 60s. Isolated showers brought light amounts of precipitation to some areas, but were not enough to alleviate droughty conditions. Multiple management practices were underway depending on soil types and soil moisture levels. Planting expanded on irrigated acreage. Dryland acres will be planted in a couple of weeks in most areas; although, a limited amount were planted in the panhandle, according to local sources. Some sowed seed into dry ground and hoped for May rainfall to help germination. Cover crops were terminated. Burndown herbicides were applied to help control weed growth. Texas A&M Agrilife extension specialists and crop consultants monitored for potential pest infestations, including wireworms that can cause feeding damage to cotton seedlings during periods of drought.

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