By admin       2018-07-06

The December price is up 38 points at 83.19 and March is up 46 points at 82.94. The market remains focused on weather, but China’s proposed additional tariffs on U.S. cotton set to take place July 6 is still causing underlying pressure in the market. Recent wire reports indicate buyers in China have increased cotton purchases from India that would have normally been sourced from the U.S. DTN weather forecasts call for few isolated afternoon showers may occur during the next 5 to 7 days in West Texas, but rainfall remains below normal during the period. In the Delta, a few light showers with locally heavier Friday are expected with chances for showers south. A few afternoon showers, mostly light, will favor the south half of the region Sunday. Tuesday’s closing cash price according to the Seam showed 558 bales sold at an average price of 73.32.

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