By admin       2018-09-24

Spot cotton trading was inactive. Supplies of available cotton were light. Demand was light. Average local spot prices were lower. Trading of CCC-loan equities was inactive. No forward contracting was reported. The crop made excellent progress under clear skies, accompanied by unseasonably hot temperatures. Daytime highs were in the upper 90s, with the heat index reported at 103 in some places. Overnight lows were in the upper 60s in most areas. The heat is expected to generate afternoon pop-up thunderstorms in the week ahead, which may delay outdoor activities. Producers were hopeful that a good top crop will result thanks to the additional heat units. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released September 17, the crop condition in Arkansas was rated 96 percent fair-to-excellent, 88 in Missouri, and 96 percent in Tennessee. NASS also reported that harvesting had reached 1 percent in Arkansas and 2 percent in Missouri and Tennessee. Ginning is expected to begin as soon as gins have sufficient modules on their yards for steady operations.

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