By admin       2018-10-15

Average spot quotations were 59 points 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, and uniformity 81.0-81.9) in the seven designated markets averaged 73.25 cents per pound for the week ending Thursday, October 11, 2018. The weekly average was up from 72.66 last week and from 67.04 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 72.49 cents Friday, October 5 to high of 73.94 cents Monday, October 8. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended October 11 totaled 1,783 bales. This compares to 3,510 reported last week and 6,513 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 22,572 bales compared to 50,440 bales the corresponding week a year ago. The ICE December settlement prices ended the week at 76.81 cents, compared to 76.00 cents last week.

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