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From October 1-7, 2021, the average standard spot price of the seven domestic markets in the United States was 105 cents/lb, an increase of 7.78 cents/lb from the previous week and an increase of 43.87 cents/lb from the same period last year. During the week, 9616 bales were sold in the seven major domestic markets, and a total of 55,504 bales were sold in 2021/22.

The spot price of domestic upland cotton in the United States has risen, the spot price in Texas is stable, and foreign inquiries are light. The demand from China, South Korea and Turkey is the best; the foreign inquiries in the western desert area are acceptable, and the demand for immediate shipment is the best. Logistics has an impact on cotton exports; foreign inquiries in St. John’s gold area are weak, port shipments are blocked and demand is concentrated, causing problems for cotton exports; Pima cotton prices are stable, foreign demand is good, immediate demand is the best, and western port logistics problems remain Seriously, it has affected the supply chain.

That week, domestic textile mills in the United States purchased grade 4 cotton shipped from the fourth quarter of this year to the fourth quarter of next year. The demand for yarns is good. Mainly protective products and general consumption. U.S. cotton export demand is very good. Japan has an inquiry for grade 3 green card cotton shipped in November, China has an inquiry for grade 4 cotton shipped from November to December, and India has an inquiry for grade 3 cotton shipped in March 2022. .

There is moderate to heavy rain in the southern part of the southeastern United States, causing concern for rotten bolls, yield and quality decline, and excessive soil moisture affects the harvest; in the northern part of the southeastern region, there are light to moderate rains, field operations are delayed, and new cotton defoliation and harvest are in progress; deltas There are frequent thunderstorms in the northern part of the region, and the harvest of new cotton is delayed. The new cotton top peach yields are high, and the yield is expected to be better than normal. In the southern part of the delta, light rain is frequent, and the wet and cold weather affects the harvest of new cotton.

There are moderate to heavy rains in the northern coastal areas of southern Texas. At present, 40% of the defoliation has been completed but the harvest has not yet begun. The processing of the Rio Grande River Basin is coming to an end. Boll and defoliation, large-scale harvesting will take 2-3 weeks. Boll and defoliation in Oklahoma is also underway, and harvesting and processing have begun. The weather in western Texas is calm, and it will be beneficial to increase the yield in the near future. The defoliation and harvest have begun. The quality of the new cotton from Lubbock Inspection Institute is satisfactory.

The western desert area has scattered heavy rainfall and hail, and defoliation is affected. Processing is expected to start in the third week of October. There will be rain in the Saint-Jokin area in the near future, which may help alleviate the air quality problems in the valley caused by wildfires. The new cotton has shed its leaves and the initial harvest has begun. The temperature in the Pima cotton area has dropped, the new cotton has entered the topping stage, and the defoliation work in some areas has reached a climax, and a small amount of harvesting and processing has occurred.