By admin       2018-01-08

Average quotations were slightly higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, uniformity 81.0-81.9) in the seven designated markets averaged 75.96 cents per pound for the week ending Thursday, January 4, 2018. The weekly average was up from 75.89 last week and from 71.31 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 75.21 cents Tuesday, January 2 to a seasonal high of 76.71 cents Thursday, January 4. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended January 4 totaled 75,044 bales. This compares to 85,208 bales reported last week and 212,713 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 918,451 bales compared to 784,010 bales the corresponding week a year ago. The ICE March settlement prices ended the week at 79.25 cents, compared to 78.80 cents last week

Download App

# #

Member Login