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. Fair weather conditions allowed the crop to make normal progress during the week in most areas. Daytime high temperatures were in the mid-90s. Overnight lows were in the low 70s. Pop-up thunderstorms brought 1 to 2 inches of rain to widely scattered areas. Producers continued irrigating as necessary to maintain adequate soil moisture on late-planted fields. Boll shedding was reported in moisture-stressed fields. Insect pressure was light and fields were treated to control pests; many fields no longer required any crop protection measures. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released August 13, the crop condition in Louisiana was rated at 92 percent fair-to-good and in Mississippi 73 percent fair-to-good; these figures were slightly lower than those reported the previous week. NASS also reported that open bolls had reached 12 percent in Mississippi and 29 percent in Louisiana; defoliation could begin within a week to ten days.

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