Mostly, the entire Cotton Belt has had rain. In Georgia, where we have had a LOT of rain in June and July, we continue to get rain but to a lesser degree. This has allowed more timely field operations to resume in some areas.

Drought-stricken Texas, including the Plains area  has had rainfall over the last couple of weeks.  Some areas report 2 to 5 inches of rain.  Typically, the market might decline on this news but it hasn’t.  Reports from the area suggest that the rain is too late to save the non-irrigated crop in some cases.  The rain may help the irrigated crop to achieve an even higher yield potential.

Overall crop conditions improved slightly last week but 24% was in poor to very poor condition.  Conditions, as expected, are running behind last year.  USDA’s August numbers will be the first of the season based on actual farmer survey estimates of harvest acres and yield.