By admin       2018-09-17

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were steady. No domestic mill activity was reported. Foreign mill inquiries remained light. Interest was best for 2018-crop for October shipment. Merchants reported Egypt was aggressive in marketing new-crop cotton. Retailers remained concerned about Chinese tariffs. Temperatures were in the 90s to100s in the Far West. The crop made good progress throughout the region. Industry experts were in general agreement with the yield projection of 1,610 pounds for California. The crop was in excellent condition.

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