From June 30 to July 6, 2023, the seven major domestic markets in the United States The average spot price of standard grade is 76.77 cents/pound, up 4.08 cents/pound from the previous week and down 28.61 cents/pound from the same period last year. That week, 6,034 packages were transacted in the seven major domestic spot markets in the United States, and a total of 741,472 packages were transacted in 2022/23.
Domestic upland cotton spot prices in the United States have increased, and foreign inquiries in Texas have The price is light, with the best demand in China, Mexico and Taiwan. Foreign inquiries from the Western Desert and the Holy See are light. Pima cotton prices are stable. Cotton farmers still have some unsold cotton. Foreign inquiries are light
There were no inquiries from domestic textile mills in the United States that week, and most factories Raw cotton stocks have been replenished until the end of the year, and some factories are still reducing production and suspending production in order to digest the stocks, and continue to be cautious about purchasing. U.S. cotton export demand is good. Indonesia has inquiries for grade 3 cotton for shipment in November, and Vietnam has inquiries for grade 3 cotton for shipment from December to March next year. .
There are scattered thunderstorms and moderate rain in the southern part of the southeastern United States, with rainfall At 25-75 mm, new flower budding accelerates and bolls begin to form. There were scattered thunderstorms and moderate rains in the northern part of the southeastern region, with a maximum rainfall of 50 mm, and the accumulated water in low-lying areas did not recede.
There is scattered rainfall in the northern Memphis area of the south-central delta region and insufficient rainfall. 25 mm. Severe thunderstorms and hail in the north of Memphis brought disaster to some areas. Outdoor operations were hindered and soil moisture was normal. The extreme high temperature in the southern part of the delta region reached 43 degrees Celsius, and scattered rainfall replenished the soil moisture, which was beneficial to the growth of new cotton. The new cotton began to bloom and the soil moisture was normal.
Most areas in eastern Texas have experienced sunny, hot and high temperatures. About 30 millimeters of rainfall slightly alleviated the high temperature weather. The rainfall was beneficial to the growth of new cotton. Cotton plants continued to bloom and bud. In some areas of southern Texas, the growth of new cotton was inhibited due to extreme high temperature weather. Cotton plants continued to bud. Some cotton plants continued to bud. The soil in the area is too wet, hampering field operations. Rainfall in other areas of eastern Texas is around 30 mm, and new cotton budding progress is at 23-40%, and more rainfall is needed to maintain growth progress. The high temperature weather in western Texas has eased, with about 30 mm of rainfall, and hail in some areas. The boll rate of new cotton in Texas is 13%. The high temperature weather has slowed down the growth of new cotton. The drop in temperature and rainfall are expected to promote new cotton. grow.
High temperature warning continues in the western desert area, and hot and dry weather keeps the temperature low At more than 40 degrees, new cotton grows normally. The temperature in the San Joaquin area is 40-42 degrees Celsius, and new cotton is growing smoothly. The Pima cotton region continues to experience high temperatures and no rainfall.
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