Source: Agfax.com

From USDA | November 8, 2019

Spot quotations averaged 96 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 61.09 cents per pound for the week ending Thursday, November 7, 2019.

The weekly average was down from 62.05 last week and from 74.83 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 60.80 cents Monday, November 4 to a high of 61.49 cents Thursday, November 7.

Spot transactions reported in the Daily Spot Cotton Quotations for the week ended November 7 totaled 22,261 bales. This compares to 27,086 reported last week and 11,691 spot transactions reported the corresponding week a year ago.

Total spot transactions for the season were 237,276 bales compared to 50,861 bales the corresponding week a year ago. The ICE December settlement price ended the week at 64.35 cents, compared to 64.44 cents last week. 

Full Report --- https://agfax.com/2019/11/08/weekly-cotton-market-review-usda-227

(Source: Agfax.com)