Weekly Cotton Market Review - 10/16/2020: Western Markets Regional Summary

Weekly Cotton Market Review - 10/16/2020: Western Markets Regional Summary

Desert Southwest (DSW)

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices
were higher. The COVID-19 Pandemic continues to pressure the U.S. economy and global cotton
demand. No foreign or domestic mill activity was reported. Foreign mill inquiries were light.

Temperatures were in the low 100s for central Arizona. No rainfall was recorded in the period.
Ginning continued in Yuma. Defoliation activities gained momentum throughout the DSW.
Modules accumulated in fields and some were trucked to gin yards. Limited ginning began in
central Arizona. No ginning was reported in New Mexico or El Paso, TX.


San Joaquin Valley (SJV)

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices
were higher. The COVID-19 Pandemic continues to negatively impact the U.S. economy and global
cotton demand. No forward contracting or domestic mill activity was reported. Foreign mill
inquiries were light.

Temperatures were in the 80s. Smoky conditions diminished, but air quality remains a concern.
Defoliation activities continued. Harvesting gained momentum. Producers shredded stalks directly
after harvesting. Modules accumulated in fields and gin yards. Two Valley gins began pressing operations.


American Pima (AP)

Spot cotton trading was inactive. Supplies of 2019-crop cotton were moderate. Demand was
light. Average local spot prices were steady. The COVID-19 Pandemic slowed the U.S. economy
and global cotton demand. No forward contracting or domestic mill activity was reported.

Daytime high temperatures were in the 80s to low 100s for the region. Defoliation continued
throughout the Far West. Harvesting was active in Arizona and California. A light volume of
roller-ginned AP samples was received from the San Joaquin Valley of California in the period.
No ginning was reported in Safford, Arizona, New Mexico, or El Paso, TX.


Trading

Desert Southwest

No trading activity was reported.

San Joaquin Valley

No trading activity was reported.

American Pima

No trading activity was reported.