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 during the period. A cold front brought cooler temperatures to the region late in the week. Less than 1 inch of moisture was reported in localized places. Daytime highs dropped into the mid-60s. Overnight lows were in the 50s in most areas. Outdoor activities were briefly suspended, due to wet lint and soft soils in isolated areas. Most gins had an adequate supply of modules on their yards to maintain operations without any delays. According to the National Agricultural Statistics Service’s Crop Progress report released October 9, harvesting had reached 51 percent in Louisiana and 40 percent in Mississippi. Producers reported yields of up to 1,800 pounds in a few fields.

Download App

# #

Member Login