By admin       2018-09-17

Spot cotton trading was inactive. Supplies of available cotton were light. Demand was light. Average local spot prices were higher. Trading of CCC-loan equities was inactive. No forward contracting was reported. Wet, cool conditions prevailed during the week. Daytime high temperatures were in the low 90s. Overnight lows were in the upper 60s. Tropical Storm Gordon brought heavy rain storms to a widespread area in Mississippi; local experts report as much as 7 inches in some areas. All outdoor activities, particularly defoliation and harvesting, were at a standstill due to saturated soils and flooded roads. Producers in Louisiana commenced harvesting cotton in areas not affected by precipitation. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released September 11, the crop condition in Louisiana was rated at 96 percent fair-to-excellent and 95 percent in Mississippi. NASS also reported that open bolls were at 69 percent in Mississippi and 91 percent in Louisiana. Harvesting had reportedly reached 8 percent in Louisiana and 1 percent in Mississippi.

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