By admin       2018-05-19

Spot cotton trading was inactive. Supplies of available cotton were light. Demand was light. Average local spot prices were lower. Trading of CCC-loan equities was inactive. No forward contracting was reported. Cotton was being delivered to fulfill contracts. Favorable weather conditions allowed producers to make excellent progress with planting. Daytime high temperatures were in the low 90s, or about average for this time of the year. Overnight temperatures in the 70s were above the seasonal average. No rainfall was received, and most producers reported that all aspects of fieldwork, including burndown, fertilizer applications, and planting advanced normally. No emerged cotton was reported. Producers made excellent progress sowing the 2018 crop, however, a storm front late week brought heavy rain showers to the region. Up to 1 inch of rain was reported generally. All outdoor activities were idle until fields firmed enough to support equipment.

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