Thanks tjc!

Damage from extremely heavy rains and MONSTER sized hail below:

https://www.spc.noaa.gov/climo/reports/230614_rpts.html

https://www.spc.noaa.gov/climo/reports/230615_rpts.html

https://www.spc.noaa.gov/climo/reports/230616_rpts.html

https://www.spc.noaa.gov/climo/reports/230617_rpts.html

https://www.spc.noaa.gov/climo/reports/230618_rpts.html

https://water.weather.gov/precip/

Too much rain in the Southeast might be a big reason,

I think the cotton crop in China and India may be having issues too?

7 Day Total precipitation below:

http://www.wpc.ncep.noaa.govcdx /qpf/p168i.gif?1530796126

Excessive rain threat.

https://www.wpc.ncep.noaa.gov/qpf/excess_rain.shtml

Current Day 1 Forecast

Day 1 Threat Area in Text Format  

Current Day 2 Forecast

Excessive rain threat.

https://www.wpc.ncep.noaa.gov/qpf/excess_rain.shtml

Current Day 1 Forecast

Day 1 Threat Area in Text Format  

Current Day 2 Forecast

https://release.nass.usda.gov/reports/prog2423.txt

Cotton condition only dropped 2% from the G/Ex but the HUGE deal was an increase of 5% in the VP category.  3% of that came from the F category.

Specifically the Excellent dropped 3% and Very poor increased 5% which is what tells us that the US cotton crop just got alot smaller in the last week.

Doing a comparison to the previous week:

https://release.nass.usda.gov/reports/prog2323.txt

We can see that TX, by far the biggest US cotton producing state went from 3% VP last week to a whopping 12% VP this week.

The market anticipating that is what likely has led to  recent strength in cotton prices.