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USDA Weekly Cotton

Cn_206 

 Weekly Cotton Market Review
September 22, 2017 

Average quotations were 224 points lower than the previous week, according to the 
USDA, Agricultural Marketing Services Cotton and Tobacco Program. Quotations for 
the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-
28.9, uniformity 81.0-81.9) in the seven designated markets averaged 67.71 cents per 
pound for the week ending Thursday, September 21, 2017. The weekly average was down 
from 69.95 last week, and from 68.60 cents reported the corresponding period a year ago. 
Daily average quotations ranged from a high of 68.16 cents Friday, September 15 to a low 
of 66.89 cents Thursday, September 21. Spot transactions reported in the Daily Spot 
Cotton Quotations for the week ended September 21 totaled 3,280 bales. This compares to 
2,403 bales reported last week and 5,901 spot transactions reported the corresponding 
week a year ago. Total spot transactions for the season were 30,478 bales compared to 
21,032 bales the corresponding week a year ago. The ICE December settlement prices 
ended the week at 68.25 cents, compared to 69.12 cents last week. 


Southeastern Markets Regional Summary 

Danny Pino ....Macon, GA .......................Danny.Pino@ams.usda.gov 
 
Spot cotton trading was inactive. Supplies and 
producer offerings were light. Demand was 
moderate. Average local spot prices were lower. 
Trading of CCC-loan equities was inactive. 

 Fair-to-partly cloudy weather conditions prevailed 
across Georgia, Alabama, and the Florida Panhandle 
during the period. Daytime high temperatures were in 
the upper 80s to lower 90s, while nighttime 
temperature were in the low to mid-60s. Less than 
one-quarter of an inch of precipitation was recorded 
during the period. Reports estimated the crop in the 
lower Southeast maybe at a 10 to 15 percent loss 
from the damage caused by Hurricane Irma. Twisted, 
tangled stands are a main concern, which will 
complicate picking. Defoliation was well underway 
in most of the region and harvesting has begun on a 
limited scale. In Georgia, one gin has multiple 
modules on the yard waiting to be ginned. Harvesting 
and ginning are expected to ramp up in the next two 
weeks. Throughout the Carolinas and Virginia, 
daytime temperatures ranged from the mid-80s to mid-90s. No rainfall was recorded. Defoliation had 
begun in some areas, while others are slightly behind 
schedule. In the Carolinas, some fields have already 
been picked and filled with modules to be taken to 
gin yards. Harvesting and ginning are expected to be 
in full force in the next two weeks. According to the 
National Agricultural Statistics Services Crop 
Progress report released September 18, cotton bolls 
opening in Georgia had reached 65 percent, South 
Carolina 63, North Carolina 55, Alabama 52, and 
Virginia 40 percent. 

Textile Mill 

Domestic mill buyers inquired for a moderate volume 
of color 41, leaf 4, and staple 34 and longer for 
December delivery. No sales were reported. Yarn 
demand was moderate-to-good. Demand for denim 
continues to be slow in the retail sector. Most mills 
operated five to seven days. 

 Demand through export channels was good. 
Representatives for mills in Taiwan purchased a 
moderate volume of USDA Green Card Class, color 
31, leaf 3, and staple 36 for December shipment. 
Representatives from Turkey purchased a moderate 
volume of USDA Green Card Class, color 41, leaf 4, 
and stable 37 for November 2017 through May 2018 
shipment. 

Trading 

 

..A light volume mixed lot of 2016-crop cotton, color 53 and better, leaf 2-5, staple 31-37, mike 38-54, 
strength 25-32, and uniformity 78-84 sold for around 63.00 cents per pound, FOB car/truck (Rule 5, 
compression charges paid). 




South Central Markets Regional Summary .

Jeff Carnahan ....Memphis, TN .......................Jeff.Carnahan@ams.usda.gov 

North Delta 

Spot cotton trading was inactive. Supplies of 
available cotton were light. Demand was moderate. 
Average local spot prices were lower. Trading of 
CCC-loan equities was inactive. No forward 
contracting was reported. 

 Hot, mostly dry weather prevailed during the week 
throughout the region. Afternoon thundershowers 
brought light amounts of precipitation to localized 
areas. Reported accumulations were less than 
two-tenths of an inch of moisture. Daytime 
temperatures were in the low 90s and overnight lows 
were in the 70s. The crop made excellent progress 
thanks to the high temperatures and mostly clear 
skies. Defoliation is underway, and harvesting is 
expected to begin shortly. According to the National 
Agricultural Statistics Services (NASS) Crop 
Progress report released September 18, open bolls 
reached 70 percent in Arkansas, 62 in Missouri, and 
50 percent in Tennessee. NASS reported the crop 
condition in Arkansas was rated at 81 percent good-to-excellent, compared with 57 percent in Missouri and 
86 percent in good-to-excellent condition in 
Tennessee. 

 

South Delta 

Spot cotton trading was inactive. Supplies of 
available cotton were light. Demand was moderate. 
Average local spot prices were lower. Trading of 
CCC-loan equities was inactive. No forward 
contracting was reported. 

Clear skies and high temperatures dominated the 
weather pattern during the week. Pop-up 
thundershowers brought less than one-ten of an inch 
to isolated areas. Daytime temperatures were in the 
low 90s and overnight lows were in the 70s. 
Defoliation expanded under good weather conditions. 
Harvesting activities gained momentum. Ginning 
had begun on a very limited basis in Louisiana and 
continued slowly in Mississippi. Fall tillage and field 
preparation for next season was underway. 
According to the National Agricultural Statistics 
Services (NASS) Crop Progress report released 
September 18, open bolls reached 93 percent in 
Louisiana, compared to 61 percent in Mississippi. 
NASS reported 48 percent of the crop was in good to 
excellent condition in Louisiana, compared to 66 
percent in Mississippi. 

Trading 

North Delta 

..A light volume of 2016-crop cotton, color 41 and better, leaf 5 and better, staple 33-41, mike 35-49, 
strength 25-33, and uniformity 77-83 traded at around 66.25 cents per pound, FOB car/truck (Rule 5, 
compression charges paid). 


South Delta 

..No trading activity was reported. 


 

Southwestern Markets Regional Summary .

Jane Byers-Angle ....Lubbock, TX.. ........................Jane.Byers-Angle@ams.usda.gov  


East Texas 

Spot cotton trading was active. Supplies and 
producer offerings were moderate. Demand was very 
good. 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. Interest was best 
from China, Indonesia, and Pakistan. 

 Ginning continued in the Rio Grande Valley; 
although, some gins had completed operations for the 
season. Stalks were shredded. Reports from the Gulf 
Coast indicated that Hurricane Harvey losses were 
not as great as originally thought. Some parts of 
modules that were damaged were able to be ginned. 
Decisions were made on a module by module basis, 
because of different factors including if the tarps blew 
off or held on, and how much water were the modules 
exposed to in the fields. Location and types of 
modules also played a role. Modules that were stored 
on higher ground were exposed to less standing 
water. According to local reports, the round modules 
sustained less damage than the rectangular modules. 
Ginning was at a slower pace. The trucking 
infrastructure slowed the transportation of bales to 
shipping points. Different segments of the industry 
continued to meet and work together to resolve issues 
and move forward the 2017-cotton season of South 
Texas. The Kansas crop continued to mature and 
bolls cracked open. Industry members prepared for 
processing a larger-than-normal crop. In eastern 
Kansas, producers began to apply boll openers and 
defoliants. The first modules were transported to a 
gin yard. Ginning was expected to begin next week 
or after October 1. In western Kansas, the crop 
needed more heat units and time to finish. Ginning is 
expected to begin the first week of November. Field 
activity increased in Oklahoma and some modules 
were transported to the gin yards, but were not 
expected to be ginned until October 1 or later. 
Applications of harvest aids and defoliants were 
applied. Harvesting was limited and expected to 
expand in 2 to 3 weeks. Some areas received as 
much as 2 inches of rainfall that brought high winds 
that were sustained for 15 minutes or longer. Some 
fields were damaged. 

 

West Texas 

Spot cotton trading was inactive. Supplies and 
producer offerings were light. Demand was very 
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. Interest was best 
from China, Indonesia, and Pakistan. 

 Boll openers and defoliants were applied on some 
fields. A few fields have been harvested, mostly in 
the Rolling Plains and Southern Low Plains. 
Modules had begun to accumulate on gin yards. 
Ginning was not expected to begin until after October 
1. According to local reports, some late planted 
stands had irrigation water applied. A wet macroburst 
on September 17, caused widespread loss north of 
Lubbock. Damage assessments were ongoing, but 
according to local reports, the leaves were stripped 
from the stands with some of the bolls left intact. The 
nearby forecast shows strong storm chances at a time 
when most fields no longer need rainfall. Industry 
meetings were attended. 


Trading 

East Texas 

..A light volume of mostly color 11, leaf 2 and 3, staple 38 and 39, mike averaging 42.9, strength averaging 
31.0, and uniformity 81-83 sold for around 70.00 cents per pound, FOB warehouse (compression charges 
not paid). 
..A mixed lot containing a light volume of color 12 and better, leaf 2-3, staple 35, mike averaging 43.2, 
strength 26-35, and uniformity 78-81 sold for around 67.75 cents, same terms as above. 
..A light volume of color mostly 41 and 42, leaf 3-5, staple 35 and 36, mike 45-46, strength averaging 28.9, 
and uniformity 78-81 sold for around 64.25 cents, same terms as above. 


West Texas 

..A light volume of 2013-crop cotton mostly color 21, leaf 2 and 3, staple 34 and 35, mike averaging 38.7, 
strength averaging 31.8, and uniformity 77-81 sold for around 63.25 cents per pound, FOB car/truck 
(compression charges not paid).
 

Western Markets Regional Summary 

Maria Townsend ....Visalia, CA ...........................Maria.Townsend@ams.usda.gov 

Desert Southwest (DSW) 

Spot cotton trading was inactive. Supplies and 
demand were light. Average local prices were lower. 
No forward contracting or domestic mill activity was 
reported. Foreign mill inquiries were light. 

 Temperatures were in the high 90s to low 100s. 
No moisture was recorded in the period. Ginning 
continued uninterrupted in Yuma, Arizona. 
Defoliation and harvesting activities were active in 
central Arizona. No ginning was reported. The crop 
made good progress in Safford. Producers attended 
annual meetings. The crop advanced in New Mexico 
and El Paso, Texas. Local sources reported the area 
received too much moisture from monsoon activity 
during the growing season, which could push the crop 
a little later than normal. Producers readied 
equipment for harvest. Gin repairs continued. 

 

San Joaquin Valley (SJV) 

Spot cotton trading was inactive. Supplies were 
moderate. Demand was light. Average local spot 
prices were lower. No forward contracting or 
domestic mill activity was reported. Foreign mill 
inquiries were light and mostly for price discovery. 

 Temperatures were mild, mostly in the 80s early 
week. Partly cloudy skies and an off-shore low 
pressure system lowered daytime temperatures into 
the 70s late in the period. Overnight lows were in the 
50s. Scattered showers brought less than one-tenth of 
an inch of rainfall to the Valley on Thursday, 
September 21. The first snowfall was deposited 
above 8,000 feet in the Sierra Nevada Mountain 
range. Heat units were needed for late-planted fields 
as bolls needed additional heat to reach maturity. The 
effects of the first shot of defoliation were seen in 
several Tulare County fields. Ginning was not 
expected to begin until the second week of October. 

 

American Pima (AP) 

Spot cotton trading was inactive. Supplies and 
demand were light. Average local spot prices were 
steady. No forward contracting or domestic mill 
activity was reported. Foreign mill inquiries were 
slow. No new sales were reported. 

 Temperatures were mostly in the 80s and 90s for 
much of the far west. Daytime temperatures dropped 
into the 70s in California late in the period. A cold 
front brought gusty conditions and scattered showers 
to California. Defoliation and harvesting activities 
advanced in central Arizona. No ginning was 
reported. Defoliation began in the most mature San 
Joaquin Valley fields, but was limited. Ginning was 
expected to begin around the second week of 
October. The crop in New Mexico and El Paso, 
Texas made good progress, with about three weeks of 
the growing season left. 


 Trading 

Desert Southwest 

..No trading activity was reported. 


San Joaquin Valley 

..No trading activity was reported. 


American Pima 

..No trading activity was reported. 


USDA ANNOUNCES SPECIAL IMPORT QUOTA #22 

FOR UPLAND COTTON 

September 21, 2017