By admin       2018-08-18

Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was very light. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was slow. Foreign inquiries were light. Daytime temperatures were mostly in the mid-80s to low 90s. A series of timely thunderstorms early in the reporting period brought beneficial rainfall and cooler conditions, which gave heat-stressed plants a reprieve. The rainfall was received too late for many dryland acres that have already been submitted for coverage under the federal crop insurance program. Irrigated fields reached full-bloom, and some neared cut-out. Plants were loaded and fruit retention was good. Stands in the western panhandle and in New Mexico have enough well water and made good progress. Beneficial rainfall was received. Local experts continued to monitor fields for insect activity

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