Weekly Cotton Market Review - 8/12/2022: Western Markets Regional Summary

Weekly Cotton Market Review - 8/12/2022: Western Markets Regional Summary

Desert Southwest (DSW)

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were higher.
No forward contracting or domestic mill activity was reported. No sales were reported.
Foreign mill inquiries were light. The U.S. continues in COVID-19 Pandemic status.

Picker harvesting began in Yuma, AZ and was expected to progress quickly due to the lettuce rotation.
Ginning will begin in early September. Irrigation continued. New Mexico stands were blooming and fruiting
well. Spotty showers brought additional moisture. Plant-growth regulators were applied to control growth
and insects were very light. Weeds were problematic and some treatments were applied. More than 1 inch
of rainfall was received in the El Paso, TX area, which helped stands progress and eased heat stress.

San Joaquin Valley (SJV)

Spot cotton trading was inactive. Supplies and demand were light. Average local spot prices were
higher. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were
light. The U.S. remains in COVID-19 Pandemic status.

Cloudy, humid conditions produced early morning rain showers in the Valley early in the reporting
period. The California Department of Food and Agriculture's Pink Bollworm Program report for the
period ending July 22, mapped approximate SJV acreage at 121,507 acres. The total cotton acreage
for California was mapped at around 130,698 acres. No splits were available for Upland and American
Pima acreage amounts.

American Pima (AP)

Spot cotton trading was inactive. Supplies of 2021-crop were light. Demand for 2022-crop was very good.
Producers showed some interest in contracting for the purpose of price discovery. Average local prices
were steady. No forward contracting or domestic mill activity was reported. Foreign mill inquiries were
moderate. The country remains in COVID-19 Pandemic status.

Stands advanced in the San Joaquin Valley with daytime high temperatures in the low to upper 90s. A
thunderstorm mid-week brought around one-fourth of an inch of moisture. Irrigation was applied and stands
were blooming. Fields were cultivated. In New Mexico, and El Paso, TX, widespread thunderstorms brought
one-half to one and one-quarter inches of rainfall that helped the stands advance. Heat stress was eased
with daytime highs in the upper 80s to upper 90s. Stands were blooming and fruiting well. Some plant-growth
regulators were applied. Insect pressure was light. Weeds were challenging. Spotty rainfall was received
in central Arizona, and the crop advanced. Wells were used to supplement irrigation water. Insect pressure was light.

Trading

Desert Southwest
No trading activity was reported.

San Joaquin Valley
No trading activity was reported.

American Pima
No trading activity was reported.