By admin       2018-10-15

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. Producers made excellent progress harvesting before a storm front brought unwelcome rain and much cooler temperatures to the region late in the week. About 1 inch of moisture was reported in some areas. Daytime highs dropped into the mid-60s. Overnight lows were in the upper 40s in northern areas. Outdoor activities were delayed in parts of Arkansas and Tennessee, due to wet conditions. Most gins had sufficient modules on their yards to continue pressing operations without any interruption. The Memphis Classing Office added a third shift to keep up with daily sample receipts. According to the National Agricultural Statistics Service’s Crop Progress report released October 9, harvesting jumped to 45 percent in Arkansas, 50 in Missouri, and 33 percent in Tennessee. Local experts report yields ranging from 1,000 pounds up to 1,850 pounds per acre.

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