By admin       2018-08-18

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. Hot and humid weather prevailed throughout the region during the week. Daytime high temperatures were in the upper 90s, with a reported heat index of 102. Overnight lows were in the upper 70s. A series of storms brought several inches of rain to northeastern Arkansas and the cotton-producing region of Missouri mid-to-late week. Locally heavy downpours resulted in up to 5 inches of rain in some places. Only trace amounts of precipitation were reported in Tennessee, which caused the condition of the cotton crop to decline somewhat compared to last week. Some boll shedding was reported in drier areas. Crop protection measures have been terminated on dryland cotton and early-planted fields under irrigation. Some late-planted fields continued to receive treatments as necessary, due to pressure from insect pests including plant bugs, bollworms, and spider mites. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released August 13, the crop condition in Arkansas improved slightly to 84 percent good-to-excellent. Missouri also improved slightly to 79 percent fair-to-good, while Tennessee declined 8 points to 74 percent good-to-excellent. NASS also reported that open bolls were at 7 percent in Arkansas, 26 percent in Missouri, and 8 percent in Tennessee. Defoliation could begin within one to two weeks, staring with dryland fields.

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