On June 14-20, 2024, the average standard grade spot price in the seven major domestic markets in the United States was 64.29 cents per pound, a decrease of 0.68 cents per pound from the previous week and a decrease of 12.42 cents per pound from the same period last year. The seven major spot markets in the United States have sold 378 packages, with a total of 834015 packages sold in 2023/24.
The spot prices of upland cotton in the United States have fallen, while inquiries from Texas are average. Demand from China, Pakistan, and Vietnam is the best. Spot prices in the western desert region are stable, while foreign inquiries are light. Spot prices in the St. John’s area are stable, while foreign inquiries are light. Pima cotton prices are stable, and the industry is concerned about the decline in cotton prices. Foreign inquiries are light, and demand from India is the best.
That week, domestic textile factories in the United States inquired about the shipment of grade 4 cotton from November this year to October next year. Raw material procurement remained cautious, and factories arranged production plans based on orders. The demand for US cotton exports is average, and Mexico has inquired about the shipment of grade 4 cotton in July.
The southern part of the southeastern United States has sunny to cloudy weather, with scattered light rain in some areas. Irrigated fields grow rapidly under high temperatures, but some dryland fields may experience growth inhibition due to lack of water, which may affect maturity. Sowing quickly ends, and early sown fields have more buds and faster bolls. The rainfall in the northern and southeastern regions is sparse, and sowing is about to be completed. Some areas have replanting, and the dry and hot weather is putting pressure on some dryland fields. New cotton is emerging. There are thunderstorms in the northern part of the Delta region, and new cotton is budding. The early sowing fields are about to bear the bell, and new cotton is growing vigorously under high temperature and humidity. The southern part of the Delta region is generally sunny and hot with thunderstorms. Field operations are progressing smoothly, and new cotton is growing smoothly.
The eastern part of Texas continues to be sunny, hot and hot, with thunderstorms in some areas. New cotton is growing well, and the early sowing fields have blossomed. The tropical storm Albert in the southern part of Texas brought storms and floods after landing in the middle of the week, with the maximum rainfall of more than 100 mm. Rio Grande River in the southern part began to open up, and the northern part of the coastal area entered the flowering period. The first batch of new cotton was picked by hand on June 14. The western part of Texas is dry, hot, and windy, with nearly 50 millimeters of rainfall in the northern plateau areas. However, some areas are still dry, and new cotton is growing well. Cotton farmers have optimistic expectations. The maximum rainfall in Kansas has reached 100 millimeters, and all cotton is growing smoothly, with 3-5 true leaves and the bud is about to begin. Oklahoma is growing well, but requires more rainfall.
The western desert region has sunny and hot weather, and new cotton is growing well. The high temperature in the Saint Joaquin area has eased, and the overall growth is good. The high temperature in the Pima cotton area has also eased, and the new cotton is growing well.
Post time: Jun-28-2024