USDA Weekly Cotton

Mp_cn812 
June 24, 2022 
Weekly Cotton Market Review 



Spot quotations averaged over 17 cents lower than the previous week, according to the USDA, 
Agricultural Marketing Service’s 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 121.80 cents per pound for the week ending 
Thursday, June 23, 2022. The weekly average was down from 139.18 cents last week, but up from 
82.65 cents reported the corresponding period a year ago. Daily average quotations ranged from 
a high of 129.50 cents Friday, June 17 to a low of 113.65 cents Thursday, June 23. Spot transactions 
reported in the Daily Spot Cotton Quotations for the week ended June 23 totaled 2,615 bales. This 
compares to 1,428 reported last week and 725 spot transactions reported the corresponding week a 
year ago. Total spot transactions for the season were 1,621,858 bales compared to 1,375,146 bales 
the corresponding week a year ago. The ICE Oct settlement price ended the week at 109.01 cents, 
compared to 126.13 cents last week. 


Southeastern Markets Regional Summary


Spot cotton trading was inactive. Supplies were light. Demand was moderate. Producer offerings 
were light. Average local spot prices were lower. Trading of CCC-loan equities was inactive. 
The COVID-19 Pandemic continues to disrupt labor availability and logistics but cities and locales 
were easing COVID restrictions. 
     
Hot and humid conditions dominated the weather pattern across the lower southeast with a mix of sun 
and clouds.  Daytime temperatures were in the upper 90s to low 100s, and some locales recorded new 
record highs. Heat advisories were issued for dangerously hot conditions.  Areas throughout Alabama, 
the Florida Panhandle, and portions of south Georgia received scattered rainfall from isolated thunderstorms. 
Weekly accumulated precipitation totals measured from trace amounts to around 1 inch of precipitation. 
The moisture invigorated seedlings and brought relief to young  heat-stressed plants.  Additional 
moisture will be needed in the weeks ahead to allow fruiting stands to advance satisfactorily. 
Producers maintained irrigation schedules. Planting neared completion.  Squaring advanced and blooms 
were reported in some of the earliest planted fields. In Georgia, boll-setting had begun in older fields. 
Insect pressure was building in some areas, and producers monitored pest populations. According to the 
National Agricultural Statistics Service’s (NASS) Crop Progress report released June 21, cotton squaring 
was reported at 29 percent in Alabama and 26 percent in Georgia. 
    
Sunny to partly cloudy conditions were observed across the upper southeast during the period. Daytime 
high temperatures varied from the 80s to 90s. Isolated afternoon thunderstorms brought sporadic moisture 
to areas throughout the Carolinas and Virginia. Weekly accumulated rainfall totals measured 1 to 2 inches.  
Producers welcomed the moisture which helped relieve droughty conditions. More consistent rainfall will 
be needed in the weeks ahead to invigorate young plants and allow stands to develop satisfactorily. 
Pests were increasing, and producers monitored populations for threshold limits. According to NASS, squaring 
advanced to 35 percent in Virginia and 13 percent in the Carolinas. 
 
Textile Mill 

Domestic mill buyers inquired for a moderate volume of 2022-crop cotton, color 41, leaf 4, and staple 34 and 
35 for fourth quarter 2022 and first quarter 2023 delivery. No sales were reported. Yarn demand remained good, 
but 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 
• 
A light volume of color 31, leaf 2 and 3, staple mostly 36, mike 37-52, strength 29-31, and uniformity 80-83 
sold for around 122.25 cents per pound, FOB car/truck, Georgia terms (Rule 5, compression charges paid, 30 
days free storage).   


South Central Markets Regional Summary 


North Delta 

Spot cotton trading was inactive. Supplies of available cotton were light. Demand was very light. Average 
local spot prices were lower.  Trading of CCC-loan equities was inactive. No forward contracting was reported. 
The COVID-19 virus continues to cause major disruptions to our society in general, as well as international 
marketing channels, domestic supply chains, and the labor force overall.                                        

Hot and dry conditions continued to dominate the weather pattern during the report period. No precipitation was 
reported in most cotton-producing areas in the Memphis territory. Daytime temperatures were in the high 90s. The 
Memphis area saw the heat index rise to 108 degrees.  Low temperatures were in the mid-60s to mid-70s. Local experts 
in Missouri reported that the overall crop condition was good. Some producers had begun irrigating, but precipitation 
was needed for good crop development throughout the region.  Producers applied crop protection chemicals to control 
weeds and insect pests, including thrips in late-planted cotton and plant bugs in early-planted stands. Fields were 
scouted for spider mites.  According to the National Agricultural Statistics Service’s (NASS) Crop Progress report, 
released on June 21, cotton squaring advanced to 26 percent complete in Arkansas, 6 in Missouri, and 23 percent in 
Tennessee. Arkansas and Missouri were more than 2 weeks behind the five-year average; Tennessee was slightly behind 
the five-year average.  NASS also reported that the crop condition in Arkansas was mostly good to excellent and 
fair to good in Missouri and Tennessee. Virtual and in-person industry meetings were being planned and attended.   

South Delta
 
Spot cotton trading was inactive. Supplies of available cotton were light. Demand was very light. Average local 
spot prices were lower.  Trading of CCC-loan equities was inactive. A light volume of forward contracting was 
reported. The COVID-19 virus continues to cause major disruptions to our society in general, as well as international 
supply chains and the worldwide labor force. 
     
Hot and dry conditions continued to prevail during the report period.  Daytime temperatures were in the high 90s. 
The heat index values were up to 110 degrees throughout the region. Low temperatures were in the low 70s. No rainfall 
was reported. Local experts in Louisiana reported that the crop made excellent progress under hot weather conditions.  
Producers were irrigating at full capacity, but cotton producing areas needed rainfall to promote normal crop 
development. Squaring advanced rapidly in Louisiana. Plants were blooming in early-planted fields, and a few stands 
were treated with plant growth regulators. Insect pressure from aphids and plant bugs was light and easily controlled.  
According to the National Agricultural Statistics Service’s (NASS) Crop Progress report, released on June 21, cotton 
squaring in Louisiana jumped from 38 to 74 percent, while Mississippi advanced from 7 to 14 percent. The figure for 
Louisiana was 29 points above the  five-year average; Mississippi was slightly below the five-year average. NASS 
also reported that the crop condition in Louisiana was mostly good, while Mississippi was mostly fair to good. 
Virtual and in-person industry meetings were being planned and attended. 

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 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 mill inquiries were light.  
     
Stands in the Rio Grande Valley had a good boll load with daytime highs in the 90s. Bolls had begun to pop open. Stray 
showers brought more than one-quarter of an inch of rainfall to some fields. Irrigation was underway to ease heat stress. 
Stands progressed in the Coastal Bend and in the Upper Coast under hot, sunny conditions with daytime temperature highs 
in the upper 80s to low 100s. A stray shower brought light amounts of precipitation, but more rainfall is needed. Heat 
units increased and most fields in the Upper Coast were at cut-out. Irrigation was underway in the southern Blackland 
Prairies, but dryland stands were putting on fruit and needed moisture. Treatments for fleahoppers were applied along 
the Brazos River Bottoms. Potassium deficiencies were reported in the dryland fields of the northern Blackland Prairies. 
Rainfall would help replenish soils and alleviate deficiencies as the plants reached peak water demand. 
     
In Kansas, planting was completed, and cotton squaring had reached 13 percent, according to the National Agricultural 
Statistics Service’s (NASS) Crop Progress and Condition report released on June 21. Planting continued in Oklahoma 
with daytime highs in the upper 90s to low 100s. Planting was 78 percent completed, according to NASS.  
 
West Texas 

Spot cotton trading was moderate. Supplies and producer offerings were light. Demand was light. Average local spot 
prices were lower. Producer interest in forward contracting was light. Trading of CCC-loan equities was inactive. 
Foreign mill inquiries were light.  

Droughty and windy conditions continued to cause havoc on stand development with daytime high temperatures in the
mid-90s to low 100s. Wind gusts further depleted soil moisture, and rainfall is urgently needed. Stray showers 
in the Panhandle brought trace amounts of rain to localized areas. Emergence was ununiformed in dryland fields. 
Stands had begun to square. Stand counts were not desirable, and decisions were made by adjusters on which fields 
would be failed. Stands were monitored for thrips, fleahoppers, and other insects. Some fields were sprayed for 
weed control when the winds calmed. Meetings were held and well attended. 
 
Trading 
 
East Texas 
• 
No trading activity was reported.  
 
West Texas 
• 
Lots containing a moderate volume of color 11 and 21, leaf 1 and 2, staple 34 and longer, mike 37-49, strength 28-32, 
and uniformity 79-83 sold for 132.50 to 135.00 cents per pound, FOB car/truck (compression charges not paid). 

• 
A moderate volume of color 11 and 21, leaf 4 and better, staple 36 and longer, mike 37-49, strength 27-31, and 
uniformity 79-81 sold for 129.00 to 130.00 cents, same terms as above.  


Western Markets Regional Summary 
 

Desert Southwest (DSW) 

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were lower. Producer 
interest in forward contracting was light. No sales were reported.  Foreign mill inquiries were light.   
     
Scattered monsoonal thunderstorms brought over 1 inch of rainfall to southeastern Arizona and New Mexico. Some 
areas received hail, but no crop damage was reported. Rainfall would be welcomed in Yuma and southwestern Arizona, 
with daytime temperature highs in the low to upper 100s. Irrigation was underway to ease heat stress and enhance 
development. Optimism was high in El Paso, TX, where beneficial rainfall was received during the reporting period 
that helped advance the cotton crop. Irrigation strategies were under consideration.  
 
San Joaquin Valley (SJV) 

Spot cotton trading was inactive.  Supplies were light. Demand was moderate. Average local spot prices were lower. 
No forward contracting or domestic mill activity was reported. Foreign mill inquiries were light. The COVID-19 
pandemic continued to place pressure on commodity markets and global shipping logistics.     
     
The crop advanced under plentiful sunshine and a trace amount of rain, with daytime temperatures in the mid-70s 
to low 100s. More precipitation would be beneficial to support well water levels and ease persistent droughty 
conditions. The second irrigation was underway. Some issues were reported with having enough available well water 
to move across the entire field. Stands were blooming. Insect pressure was light. National level meetings were attended.  
 
American Pima (AP) 

Spot cotton trading was inactive. Supplies were light. Demand was good. Average local prices were steady. No new 
sales were reported. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were 
light. The COVID-19 Pandemic continued to cause shipping delays and supply chain disruptions.  
     
Stands advanced in the San Joaquin Valley with daytime high temperatures in the upper 70s to low 100s. Sunshine 
was plentiful, but a thunderstorm   mid-week brought trace amounts of moisture. Stands were blooming. Most producers 
applied the second irrigation. Recent rainfall and overcast conditions helped the crop advance in El Paso, TX and in 
New Mexico. Producers were optimistic about the amount of irrigation allocations and made plans for how to use the 
water to maximize the benefits. Spotty rainfall was received in central Arizona, and the crop advanced. Wells were 
used to supplement irrigation water. Insect pressure was light.  

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 #10 
FOR UPLAND COTTON 
June 23, 2022 


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 week’s domestic 
mill use. The quota will be established on June 30, 2022, allowing importation of 11,099,187 kilograms 
(50,978 bales of 480-lbs) of upland cotton.       
     
Quota number 10 will be established as of June 30, 2022 and will apply to upland cotton purchased not 
later than September 27, 2022 and entered into the U.S. not later than December 26, 2022. The quota is 
equivalent to one week's consumption of cotton by domestic mills at the seasonally-adjusted average rate 
for the period February 2022 through April 2022, 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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