By admin       2018-08-18

Spot cotton trading was moderate. Supplies and producer offerings were light. Demand was light. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign inquiries were light. Defoliants were applied and harvesting progressed under good conditions in south Texas. More than half of the fields have been harvested in the Coastal Bend. Harvesting has been completed in some counties except on late-planted fields. Harvesting expanded in the Upper Coast. Ginning continued in the Rio Grande Valley. Untimely rainfall was received on some fields that were ready for harvest in the northern Blackland Prairies, where producers had already applied defoliants. Reports indicated that 7 to 12 inches of rainfall was received and field activity was hindered. Drier conditions prevailed in the southern Blackland Prairies, and defoliants and boll openers were applied. According to the National Agricultural Statistics Service’s (NASS) Texas Production report released on August 10, production in the Blackland Prairies is forecasted at 160,000 bales, compared to 293,000 bales produced the previous year. Acres harvested are estimated at 215,000 acres, compared to 165,000 acres last season, and estimated yield is at 357 pounds per acre, compared to 856 pounds per acre in 2017. According to NASS’s Crop Production report released on August 10, Kansas cotton production is forecasted at 250,000 bales, up 27 percent from the previous year. Acreage harvest is forecasted at 116,000 acres, up 26,000 acres from 2017. Yield is forecasted lower at 1,034 pounds per acre, down 17 pounds per acre. Bolls had begun to open. Moderate, timely rainfall helped the crop advance. Recent rainfall in Oklahoma helped the irrigated stands, and producers were encouraged. Some fields reached cut-out. Dryland continued to struggle.

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