By admin       2018-09-24

Average spot quotations were 288 points lower 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, and uniformity 81.0-81.9) in the seven designated markets averaged 76.10 cents per pound for the week ending Thursday, September 20, 2018. The weekly average was down from 78.98 last week, but up from 67.71 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 78.19 cents Friday, September 14 to a season low of 74.79 cents Thursday, September 20. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended September 20 totaled 3,016 bales. This compares to 216 reported last week and 3,280 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 15,143 bales compared to 30,478 bales the corresponding week a year ago. The ICE December settlement prices ended the week at 78.47 cents, compared to 81.51 cents last week.

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