Source: Agfax.com

From USDA | October 11, 2019

Average spot quotations were 38 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 58.81 cents per pound for the week ending Thursday, October 10, 2019.

The weekly average was up from 58.43 last week, but down from 73.25 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 58.46 cents Tuesday, October 8 to a season high of 59.23 cents Wednesday, October 9.

Spot transactions reported in the Daily Spot Cotton Quotations for the week ended October 10 totaled 13,540 bales. This compares to 15,300 reported last week and 1,783 spot transactions reported the corresponding week a year ago.

Total spot transactions for the season were 130,033 bales compared to 22,572 bales the corresponding week a year ago. The ICE December settlement price ended the week at 61.42 cents, compared to 61.60 cents last week. –

Full Report : https://agfax.com/2019/10/11/weekly-cotton-market-review-usda-223

(Source: Agfax.com)