Source: Agfax.com

From USDA | February 9, 2018 

Average quotations were 169 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, uniformity 81.0-81.9) in the seven designated markets averaged 74.02 cents per pound for the week ending Thursday, February 8, 2018.

The weekly average was down from 75.71 last week, but up from 73.15 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 74.64 cents Friday, February 2 to a low of 73.58 cents Wednesday, February 7. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended February 8 totaled 39,562 bales. This compares to 40,895 bales reported last week and 38,852 spot transactions reported the corresponding week a year ago.

Total spot transactions for the season were 1,340,712 bales compared to 1,240,711 bales the corresponding week a year ago. The ICE March settlement prices ended the week at 76.62 cents, compared to 78.35 cents last week. (Source: Agfax.com)