By admin       2018-05-19

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were steady. No forward contracting was reported. Domestic mills inquired for 2018-crop cotton. A light volume of new sales were reported. Foreign mill inquiries were light and mostly for new-crop price discovery. Hot, dry conditions advanced the Far West crop. The crop progressed normally, with little to no insect pressure reported. Strong winds and low humidity increased wildfire danger in New Mexico, and El Paso, TX. Planting was completed in the Far West. Sources in El Paso, TX commented that there was a slight increase in AP acreage, as more irrigation water became available and was released to growers prior to planting. Gin maintenance and repairs were active.

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