By admin       2018-09-24

Spot cotton trading was slow. Supplies and producer offerings were light. Demand was light. Average local spot prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign inquiries were light to moderate. The Upper Coast and Coastal Bend received around 10 to 14 inches of rainfall early in the reporting period, according to local experts. Harvesting problems persisted with soggy fields and rainy conditions. Lots of modules were transported ahead of the storms to gin yards, but some modules remained in wet fields. Intermittent thunderstorms delayed field activities in central and eastern Texas. Most of the fields had been harvested in the southern Blackland Prairies, but only about half are completed in the northern parts. Gin yards were loaded and ginning continued uninterrupted. In Kansas, stands progressed, but fields were muddy from recent rainfall. Producers looked forward to warmer and drier conditions to help bolls fill ahead of harvest. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released on September 17, bolls opening was 38 percent, ahead of 28 last year and the five-year average of 24 percent. The condition was rated 25 percent fair, 55 good, and 17 percent excellent. In Oklahoma, producers were encouraged with late-season sunny conditions, daytime high temperatures in the low 90s, and overnight temperatures in the low 70s. Dryland is expected to make 2 plus bales per acre. Harvest aids have been applied to some fields. Bolls opening was 49 percent, ahead of 42 last year and the five-year average of 40 percent. The condition was rated 15 percent poor, 52 fair, and 28 percent good, according to NASS.

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