Harvesting conditions remained fair. South central markets. Spot cotton trading was virtually inactive. Supplies were light. Demand was weak.
Reports indicate that the supply of old-crop was nearly depleted.
Merchants were waiting for new-crop cotton to begin moving through trade channels. Domestic mill sales were heavy with scheduled delivery dates ranging from fourth quarter 2001 through third quarter 2003. Cooler than normal temperatures prevailed during the week with highs in the lower 80s and lows in the upper 50s to mid 60s. Excessive rain in Mississippi and Louisiana had producers concerned about the percentage of cotton lost to boll rot, hard lock and seed sprout. Cotton fields in Louisiana cotton fields have experienced an average of 30 to 40 percent damaged bolls.