From July 23 to July 29, 2021, the average spot price of standard grade in the seven major domestic markets in the United States was 86.31 cents/pound, a decrease of 0.19 cents/pound from the previous week, and an increase of 27.03 cents/pound from the same period last year. That week, 2,301 packages were traded in the seven major domestic spot markets in the United States, and a total of 1,386,959 packages were traded in 2020/21.
The spot price of upland cotton in the United States is stable, while inquiries for foreign new flowers in the Texas region are light. Pakistan, Taiwan, China and Turkey have the best demand; the Western Desert region and the Holy See Gold Foreign inquiries in the region are average, mainly tentative inquiries for new cotton and sweeps of old cotton; Pima cotton prices are stable, foreign inquiries are average, and old cotton and new cotton quotations are firm.
That week, domestic textile mills in the United States purchased a small amount of grade 4 cotton and grade 5 cotton for shipment from January to March 2022. For grade 4 cotton for shipment from January to October 2022, There are also inquiries for cotton, and the demand for yarn is good. Due to the shortage of labor, production capacity is limited, and factories are doing their best to produce to meet demand. The current production is still mainly for front-line personal protective equipment and general consumption.
US cotton exports are good. Turkey purchased grade 3 cotton from August to September, Pakistan purchased grade 4 cotton and grade 5 cotton for immediate shipment, and Malaysia purchased grade 11 cotton. -There are inquiries for new grade 3 green card cotton to be shipped in December, and Pakistan has inquiries for grade 4 cotton to be shipped from January to March 2022.
There were short-term and widespread thunderstorms in the southern part of the southeastern United States, with rainfall ranging from 25 to 100 mm. However, it was generally drier than the previous period, so the growth of new cotton was still smooth and the new cotton was in full bloom. Bolls are forming; there are large-scale thunderstorms in the northern part of the southeastern region, with rainfall of 25-75 mm. The hot and humid weather accelerates the growth of new cotton, and the budding of new cotton has basically ended, and more than half of the bolls have been formed; the weather in the northern part of the delta area is suitable, and the growth of new cotton continues to lag behind , the boll setting rate is 50-90%, and the growth of new cotton is generally ideal; there are thunderstorms in the southern part of the delta, with the maximum rainfall reaching 180 mm, and the overall growth of new cotton is still slow for more than a week. Excessive rainfall and the crazy growth of cotton plants have caused some cotton bolls to fall off, and the growth in various places has The boll rate is 64-82%, and the seedling condition is good in most areas.
The harvest in the southern coastal areas of Texas and the Rio Grande River Basin has been suspended. Some areas have received up to 75 mm of rainfall. Cotton bolls have cracked and sprouted, and the harvest season will officially begin. arrived, but the overall growth was 2-3 weeks behind; there were severe thunderstorms in eastern Texas, with a maximum rainfall of 125 mm, and thunderstorms and hail caused losses to some cotton fields; in western Texas, field operations were blocked due to thunderstorms, and most cotton fields had bloomed, and new cotton fields were in bloom. Cotton requires long periods of hot and dry weather to ensure full maturity and optimal yields.
Rainfalls in the western desert areas have alleviated drought, but the temperature has exceeded 45 degrees Celsius, and the drought situation has not improved much overall; rainfall in the St. John’s region in the middle of the week has alleviated high temperature drought, but more than 90% of the drought has improved The cotton fields are still extremely dry, but the new cotton is growing very well, with most areas growing a week ahead of schedule. The Pima cotton area continues to be dry and hot without rain, and the new cotton has begun to crack and sprout, and the overall growth is normal. </p
