Weekly Cotton Market Review - 9/24/2021: Western Markets Regional Summary

Weekly Cotton Market Review - 9/24/2021: Western Markets Regional Summary

Desert Southwest (DSW)

Spot cotton trading was inactive. Supplies of 2021-crop cotton were light. Demand
was moderate. Average local prices were lower. No forward contracting or domestic mill
activity was reported. Foreign mill inquiries were moderate. Interest was best for prompt
shipment. West Coast port congestion, container, and truck availability, as well as pent-up
consumer demand continued to affect cotton-shipping logistics. The COVID-19 Pandemic continued.

Hot and dry conditions were prevalent in Arizona. Scattered showers brought around one-tenth of
an inch of moisture early in the period. Harvesting neared completion in Yuma, AZ. Modules increased
on the gin yard. Breakdowns and gin repairs slowed ginning. No samples were received in the period.
Some producers reported yields of around 1,300 pounds per acre. Late plantings and cooler planting
temperatures were cited for contributing to less than average yields. Excellent weather pushed
the crop to completion in the Safford Valley of Arizona, New Mexico, and El Paso, TX. Bolls were
popping open. Local Safford Valley sources indicated yields could be better than average.
Some New Mexico fields were sprayed for late season insect activity. No defoliation 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 prices were lower.
No forward contracting or domestic mill activity was reported. Foreign mill demand was light.
Interest was best for prompt shipping. West Coast port congestion, container, and truck availability, as
well as pent-up demand continued to affectcotton-shipping logistics. The COVID-19 Pandemic continued.

Poor air quality was prevalent. Smokey, hazy conditions continued as wildfires burn in California.
Bolls were cracking open. Fields were defoliated. Gins completed their final repairs and
preparations for the season. Ginning is set to begin the second week of October. Producers
prepared equipment for harvest.


American Pima (AP)

Spot cotton trading was inactive. Supplies of 2020-crop were light. Demand was very good.
Average local prices were higher. No forward contracting or domestic mill activity was reported.
Foreign mill inquiries were good. Interest was best for prompt shipment. West Coast port
congestion, container, and truck availability, as well as pent-up demand continued to affect
cotton-shipping logistics. Concerns remained about shipping new-crop cotton in a timely
manner going into the fall. The COVID-19 Pandemic continued.

Hot and dry conditions continued for much of the Far West and pushed the crop to completion.
Around one-tenth of an inch of rainfall was recorded in central Arizona. Harvesting was completed
in Yuma, AZ. Bolls were cracking open in the region. Defoliation activities increased in the
Safford Valley of Arizona and San Joaquin Valley of California. Sources in the El Paso, TX area
reported some fields exhibited symptoms of Race 4 FOV. Producers were encouraged with the good
end of the season weather. Equipment was prepared for harvest.


Trading

Desert Southwest

No trading activity was reported.


San Joaquin Valley

No trading activity was reported.


American Pima

A heavy volume of 2020-crop color 2, leaf 2, and staple 48 was sold to foreign mills
for November/December shipment.



LJ