By admin       2018-10-01

Average spot quotations were 114 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 74.96 cents per pound for the week ending Thursday, September 27, 2018. The weekly average was down from 76.10 last week, but up from 67.34 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 75.45 cents Friday, September 21 to a season low of 74.11 cents Thursday, September 27. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended September 27 totaled 2,136 bales. This compares to 3,016 reported last week and 6,240 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 17,279 bales compared to 36,718 bales the corresponding week a year ago. The ICE December settlement prices ended the week at 77.72 cents, compared to 78.47 cents last week.

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