By admin       2018-10-01

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. Daytime highs were in the mid-90s. Overnight lows were in the mid-60s in most areas. A series of storm fronts brought unwelcome rain to the region during the week, and up to 9 inches were reported in some areas. Field activities were at a standstill due to wet conditions. A few gins had sufficient modules on their yards to begin pressing operations, but other gins experienced delays due to inclement weather. The Dumas Classing Office and the Memphis Classing Office have begun classing this season’s crop. According to the National Agricultural Statistics Service’s (NASS) Crop Progress report released September 24, the crop condition in Arkansas was rated 96 percent fair-to-excellent, 90 in Missouri, and 98 percent in Tennessee. NASS also reported that harvesting had reached 18 percent in Arkansas, 9 in Missouri, and 10 percent in Tennessee.

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