United States: Southern Texas Repeatedly Replant New Cotton, Sowing Continues To Lag Behind

From May 14 to 20, 2021, the average price of standard grade spot in seven major markets in the United States was 78.46 cents / pound, which was 5.18 cents / pound lower than the previous week and 24.58 cents / pound higher than the same period last year. During the week, 1135 packages were traded in the seven major markets in the United States, and 1361552 packages were sold in 2020 / 21.

The spot price of Upland Cotton in various regions of the United States continued to fall, while the foreign inquiry in Texas was generally, and the demand from China, South Korea and Vietnam was the best. The epidemic situation continued to slow down the logistics. The foreign inquiry in the western desert area was light, and the backlog of port goods was still a problem, but it was improved. The foreign demand in St. John's area was fair, and the shipment was still a problem; The price of Pima cotton is stable, the foreign inquiry is light, the quotation of old cotton is firm, and the cotton merchants take batch shipment or postpone the order.

In the same week, domestic textile mills in the United States made inquiries for 31 / 41-4-34 and above cotton to be shipped from January to October in 2022, and 42 / 51-4-34 and above lengths shipped from June to October this year. The yarn demand was good. Due to the shortage of labor force, the start-up rate of some factories was still low, and the current production was still dominated by front-line personal protective equipment and general consumption. American cotton exports are light. Thailand purchases grade 4 cotton shipped from October to December this year, China purchases grade 2 cotton for spot shipment, and Mexico has an inquiry for grade 4 and grade 5 cotton shipped from October to December.

In the southeastern part of the United States, there was scattered rainfall, and the field work continued to advance. In some areas, the temperature was low and sowing was delayed; The storm in the north of the delta brought rainfall, and outdoor work was delayed. In the south of the Delta, there was heavy rainfall with rainfall of more than 100 mm, accompanied by floods. Field work continued to be delayed, and the overall progress was greatly behind that of previous years.

In the Rio Grande River Basin in southern Texas, rainstorms of more than 300 mm and strong winds caused three replanting of new cotton. The local government has begun to assess the loss of fresh cotton caused by floods. The northern coastal areas are still soaked in water. In many areas, the sowing was interrupted due to rainstorm. The new cotton has just emerged to the fifth true leaf. There are tornadoes, hails and strong thunderstorms in Western Dezhou. The rainfall is more than 110 mm. The newly sprouted cotton grows three true leaves at the fastest speed.

In the western desert area, there are scattered rainfall, the growth of new cotton is normal, and the sowing has been basically completed. The weather in San Joaquin is fine, and the new cotton grows rapidly, and the seedlings are 100-125mm high. The weather in Pima cotton area is dry and hot, and some areas have rainfall, and the growth of new cotton is good.

(source: China cotton net)

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