By admin       2018-08-18

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were lower. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were light and mostly for new-crop price discovery. Temperatures were in the low 100s, with approximately one-half of an inch of rainfall received early in the period. Harvesting gained momentum in Yuma. Modules lined the fields and were transported to the gin. According to the National Agricultural Statistics Service (NASS) Crop Progress report for week ending August 12, boll-setting reached 91 percent and 25 percent of bolls were opened. The condition of the crop was rated mostly fair-to-good. Some central Arizona fields were treated to control lygus and whitefly. Evidence of Level 2 heat stress was present in some fields a few young immature bolls were shed. Squaring advanced to 85 percent in New Mexico. Boll-setting was at 52 percent, compared to the five-year average of 64 percent, according to NASS. The condition of the crop was rated mostly fair-to-good. Monsoon moisture brought one-half of an inch to nearly one inch of much needed moisture early in the reporting period for New Mexico and El Paso, TX. Local sources reported that the crop made good progress. The organic crop in New Mexico made good progress. The crop has responded well to the heat. No insect pressure was reported.

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