USDA Weekly Cotton

Mp_cn812 
September 10, 2021 
Weekly Cotton Market Review 


Spot quotations averaged 18 points higher 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, 
and uniformity 81.0-81.9) in the seven designated markets averaged 91.34 cents per pound 
for the week ending Thursday, September 9, 2021. The weekly average was up from 91.16 cents 
last week and from 58.37 cents reported the corresponding period a year ago. Daily average 
quotations ranged from a high of 91.76 cents Friday, September 3 to a low of 90.70 cents 
Thursday, September 9. Spot transactions reported in the Daily Spot Cotton Quotations for 
the week ended September 9 totaled 3,354 bales. This compares to 5,019 reported last week 
and 10,399 spot transactions reported the corresponding week a year ago. Total spot 
transactions for the season were 17,159 bales compared to 125,269 bales the corresponding 
week a year ago. The ICE October settlement price ended the week at 94.56 cents, compared to 95.14 cents last week. 


Southeastern Markets Regional Summary 


Spot cotton trading was inactive.  Supplies and producer offerings were light.  
Demand was light.  Average local spot prices were steady. Trading of CCC-loan equities 
was inactive.  The COVID-19 Pandemic continues to negatively affect cotton demand and 
disrupt supply chains.  Vaccination doses were being distributed at a steady pace. 
     
A mix of sunny to overcast weather was observed during the period.  Daytime high temperatures 
were in the upper 80s to low 90s.  Widespread thunderstorms brought moisture throughout the 
lower Southeast region. Weekly accumulated precipitation totals measured from one-half of an 
inch to around two inches of moisture.  The crop progressed, but maturity remained a few weeks 
behind normal.  Fieldwork was limited due to the wet conditions; the application of insecticides 
and fertilizers was delayed.  Stink bugs were present throughout the region.  Local experts 
encouraged producers to closely monitor later planted cotton for stink bug infestations that 
could damage immature bolls and limit yield potential.  In pockets of Alabama, spider mites 
were also damaging some fields causing defoliation.  Producers would welcome a period of sunny 
and warm weather to invigorate plants and allow soft soils to firm.  According to the National 
Agricultural Statistics Services (NASS) Crop Progress report released September 7, cotton bolls 
opening reached 34 percent in Georgia and 21 percent in Alabama. 
     
Sunny weather prevailed across the upper Southeast over the weekend, with scattered showers and 
thunderstorms moving across the region later in the week.  Daytime high temperatures varied from 
the mid-80s to low 90s.  Precipitation totals measured from one-quarter of an inch to three inches 
of rainfall.  The crop advanced at a good pace.  Insect pressure was light and easily controlled; 
some fields were treated for stink bugs and the window for young plants remaining susceptible to 
bollworm injury was quickly passing.  According to NASS, cotton bolls opening reached 22 percent 
in North Carolina, 17 in South Carolina, and 16 percent in Virginia. 
 
Textile Mill 

Domestic mill buyers purchased a moderate volume of color 41, leaf 4, and staple 35 and longer 
for first quarter through second quarter 2022 delivery.  No additional sales were reported. Yarn 
demand remained good, and mills operated at capacity as allowed by available labor. Mills continued 
to produce personal protective equipment for frontline workers and consumers. 
     
Demand through export channels was good.  Agents throughout the Far East inquired for any discounted 
styles of cotton.  

Trading 
 
No trading activity was reported.   


South Central Markets Regional Summary
 

North Delta 

Spot cotton trading was inactive. Supplies of available cotton and demand were light.   
Average local spot prices were steady.  Trading of CCC-loan equities was inactive. No 
forward contracting was reported.  The COVID-19 Pandemic continues to negatively impact 
the overall global economy and supply chains.  The Delta variant of the COVID-19 virus 
continues to be of concern nationwide; vaccinations proceeded at a slow, but steady pace.   
Seasonably mild weather conditions prevailed during the week.  High temperatures in the 
low 90s early in the week dropped briefly into the 70s as a storm front moved through the 
region.  Overnight lows were in the low 60s.  Up to 3 inches of precipitation was received 
in some northern locations.  Most of the crop has received the final application of  crop 
protection chemicals and many fields were rapidly approaching cut-out.  No defoliation was 
reported.  Producers are still hoping for an extended period of dry and warm weather to 
maximize yield potential of a late crop.  According to the National Agricultural Statistics 
Services (NASS) Crop Progress report released on September 7, cotton bolls opening advanced 
slowly to 35 percent in Arkansas, 18 in Missouri, and 7 percent in Tennessee.  NASS reported 
that the condition of the majority of the crop in Arkansas was good to excellent, while it 
was rated fair to good in Missouri and Tennessee.   
  
South Delta 

Spot cotton trading was inactive.  Supplies of available cotton and demand were light.  
Average local spot prices were steady.  Trading of CCC-loan equities was inactive. No 
forward contracting was reported.  The COVID-19 Pandemic continues to negatively impact 
the overall global economy.  The highly contagious Delta variant continues to be of great 
concern locally and nationally.  Vaccinations continue at a steady rate regionally. 
Wet weather early in the period brought an additional 3 inches of rain to some parts of the 
region.  Clear skies returned to help dry saturated soils late week.  Daytime highs were 
in the upper 90s and overnight temperatures were in the 60s.  Power outages persisted in 
rural areas as crews continued to repair damaged powerlines and poles.  The crop advanced 
slowly.  No defoliation was reported due to the lateness of the crop.  Some boll shedding          
was reported in a few areas.  Producers prepared equipment for the upcoming harvest season. 
According to the National Agricultural Statistics Services (NASS) Crop Progress report 
released on September 7, cotton bolls opening had advanced to 58 percent in Louisiana and 
55 percent in Mississippi. NASS reported that the condition of the majority of the crop 
in Louisiana and Mississippi was fair to good.  

Trading 
  
North Delta 
 
No trading activity was reported.   

South Delta 
 
No trading activity was reported.   


Southwestern Markets Regional Summary       


East Texas 

Spot cotton trading was moderate. Supplies and producer offerings were moderate. 
Demand was good. Average local spot prices were steady. Producer interest in forward 
contracting was moderate. Trading of CCC-loan equities was inactive. Foreign mill 
inquiries were light. Interest was best from China, Pakistan, and Turkey. The COVID-19 
Pandemic continued to place pressure on commodity markets and shipping logistics. 
Several ports were congested. Hospitalization rates increased and most were at capacity. 
Vaccination opportunities were offered to the public.     
     
Harvesting continued in the Rio Grande Valley. A significant number of late-planted fields 
were undergoing defoliation applications. Stalks were destroyed ahead of the September 10 
deadline extension. Harvesting expanded with daytime temperature highs in the mid-to-upper 
90s in the Coastal Bend and Upper Coast. Rainfall is in the nearby forecast and harvesting 
crews worked late into the night ahead of adverse weather. More gins began offering pressing 
services in the Upper Coast and modules began to accumulate on the yards. In the Blackland 
Prairies, bolls were popping open. Boll openers and defoliants were applied on some stands. 
Stripper harvesting was projected to begin in about two weeks.  
     
In Kansas, over one and one-half inches of much needed rainfall was received early in the 
period, which helped advance struggling stands. Defoliation had begun but was not widespread. 
Insect populations were light. Boll-setting was 93 percent, near 92 last year and ahead of the 
five-year average at 85 percent, according to the National Agricultural Statistics Services 
(NASS) Crop Progress report released on September 7. Bolls opening reached 27 percent. In 
Oklahoma, stands advanced under hot, sunny conditions. Bolls were cracking open. Final well 
water irrigation continued, but the irrigation district had terminated allocations in Altus. 
Insect populations were light. Weeds continued problematic and hoe crews manually removed the 
stays. Harvest aid applications were expected to begin in 10 to 14 days. Boll-setting was 90 
percent, lagging behind 94 last year and 94 percent for the five-year average, according to NASS. 
Boll openings were at 15 percent. The crop was rated mostly fair to good in Kansas and Oklahoma.  
 
West Texas 

Spot cotton trading was inactive. Supplies and producer offerings were light. Demand was light.  
Average local spot prices were steady. Producer interest in forward contracting was good.  
Trading of CCC-loan equities was inactive. Foreign mill inquiries were light. Interest was best 
from China, Pakistan, and Turkey. The COVID-19 Pandemic continued to place pressure on commodity 
markets and shipping logistics. Major ports experienced vessel congestion and alternatives were 
considered. Hospitalization rates were near or at capacity. Vaccination clinics were held.  
     
Stands advanced with temperature highs in the low to upper 90s. Stray afternoon thunderstorms 
brought light amounts of precipitation to some areas, mostly in the Panhandle and off the Caprock. 
Hot and sunny conditions prevailed and helped push maturity. Dryland bolls had begun to open on the 
low part of the plants. Some fields were irrigated to alleviate stress. Producers spent considerable 
time and funds managing weeds. Herbicide and growth regulators were applied together in some fields. 
Aphid, stink bugs, and lygus populations were monitored along with other insects. Most were below treatable levels.  

Trading 
 
East Texas 
 
In Texas, a light volume containing mostly color 21, 31, and 41, leaf 2-4, staple 37 and longer, 
mike 40-49, strength 27-32, and uniformity 79-84 sold for around 96.50 cents per pound, FOB warehouse 
(compression charges not paid). 
 
A light volume of even-running lots containing color 31, leaf 2 and 3, staple 37, mike averaging 46.0, 
strength 28-34, and uniformity 80-83 sold for 95.00 cents, same terms as above. 
 
A moderate volume containing mostly color 21 and 31, leaf 3 and 4, staple 37-39, mike 39-44, strength     
29-32, uniformity 79-82, and 100 percent extraneous matter (seed coat fragments) sold for around 89.75 cents, same terms as above. 

West Texas 
 
No trading activity was reported.   


Western Markets Regional Summary  


Desert Southwest (DSW) 

Spot cotton trading was inactive.  Supplies were light.  Demand was moderate.  
Average local prices were steady.    No forward contracting or domestic mill activity 
was reported. Foreign mill demand was moderate.   Interest was best for prompt shipping.    
West coast port congestion, container and truck availability, as well as pent-up demand 
continued to affect cotton-shipping logistics.  Concerns remained about shipping new-crop 
cotton in a timely manner going into the fall.  The COVID-19 Pandemic continues, as cases 
increased of the Delta variant. COVID protocols resumed for schools and businesses.     
     
Excessive heat warnings were in effect for central Arizona late in the period.  No rainfall was 
recorded.  Producers began initial defoliation.  Harvesting was active in Yuma, AZ.  Modules were 
trucked to the gin yard.  Ginning is active.  The first samples were received at the Visalia 
Classing Office on Thursday, September 9.  Scattered showers were reported throughout New Mexico 
and El Paso, TX during the period.  Weekly accumulated rainfall totals measured around one-tenth 
of an inch to one-half of an inch.  Lakes, washes, and streams contained water.  Overall, cotton 
fields made good progress due to monsoon moisture and in some cases saved the crop for a few 
producers. Whitefly pressure increased and treatments were made to control infestations. Producers 
prepared equipment for harvest.   
 
San Joaquin Valley (SJV) 

Spot cotton trading was inactive.  Supplies and demand were light.  Average local prices were steady.    
No forward contracting or domestic mill activity was reported.   Foreign mill demand was light.  
Interest was best for prompt shipping. West Coast port congestion, container and truck availability, 
as well as pent-up demand continued to affect cotton-shipping logistics.  Concerns remained about shipping         
new-crop cotton in a timely manner going into the fall.  The COVID-19 Pandemic continues as cases 
increased of the Delta variant. COVID protocols resumed for schools and businesses.   
     
This is one of the hottest summers on record for many Valley cities.  The city of Fresno broke a 
record for the most 100-degree days in the year.  Mid-week marked the 66th day of over 100+ temperatures, 
with the previous record set in 1984 at 63 days.  Heat advisories were in effect during the period.  
Hazy conditions continued as wildfires continue to burn in California.  No rainfall was recorded 
in the period, but nighttime temperatures dropped into the 50s and 60s.  Bolls were cracking open 
and defoliation activity increased.   
 
American Pima (AP) 

Spot cotton trading was inactive.  Supplies of 2020-crop were light.  Demand was very good.  
Average local prices were steady.  No forward contracting or domestic mill activity was reported.   
Foreign mill inquiries were moderate.  Interest was best from China, India, Korea, and Peru.  
Interest was best for prompt shipment. West Coast port congestion, container and truck availability, as       
well as pent-up demand continued to affect cotton-shipping logistics.  Concerns remained about 
shipping new-crop cotton in a timely manner going into the fall.  According to the Foreign 
Agricultural Service, U.S. Export Sales report 165,100 bales of Pima cotton were committed 
for export for the week ending September 2.  This compares to 242,600 bales the previous year. 
The COVID-19 Pandemic continues as cases increased of the Delta variant. COVID protocols resumed 
for schools and businesses.   
     
Hot and dry conditions continued for much of the Far West.  Beneficial moisture was recorded for 
New Mexico and El Paso, TX.  Harvesting was active in Yuma, AZ.  Initial ginning began early in 
the period.  The first samples were received at the Visalia Classing Office on Thursday, September 9.  
Initial defoliation began in central Arizona.  The organic crop near Lubbock, TX made good progress.  
Clear and open September weather is needed to help the crop reach maturity.  The crop in the 
San Joaquin Valley of California approached cut-out stage. Early-season varieties were defoliated.  
Full-season variety defoliations were set to begin next week.  Treatments were made for whitefly.   

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 #21 
FOR UPLAND COTTON 
September 9, 2021 


The Department of Agriculture's Commodity Credit Corporation announced a special import quota 
for upland cotton that permits importation of a quantity of upland cotton equal to one weeks 
domestic mill use. The quota will be established on September 16, 2021, allowing importation 
of 11,655,252 kilograms (53,532 bales of 480- lbs) of upland cotton.       
     
Quota number 21 will be established as of September 16, 2021 and will apply to upland cotton 
purchased not later than December 14, 2021 and entered into the U.S. not later than 
March 14, 2022. The quota is equivalent to one week's consumption of cotton by domestic mills 
at the seasonally-adjusted average rate for the period May 2021 through July 2021, the most 
recent three months for which data are available.       
     
Future quotas, in addition to the quantity announced, will be established if price conditions warrant.  





      

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