By admin       2018-10-15

Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was very light. Average local spot prices were higher. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. Foreign inquiries were light. Producers were kept out of the fields, due to excessive rain. A widespread thunderstorm entered the region on October 5, and continued to bring precipitation through mid-day on October 9. The thunderstorms deposited one-quarter to six and one-half inches of rainfall. Daytime temperature highs were in the mid-60s to low 80s, and nighttime lows were in the upper 40s to low 60s. The sun reappeared mid-week and fields began to dry, but soggy conditions halted field activity. Local reports indicated that lots of acres were ready to be harvested. Ginning activity increased as more gins began to offer pressing services.

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