Source: Agfax.com

From USDA | December 6, 2019
Spot quotations averaged 79 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 60.04 cents per pound for the week ending Thursday, December 5, 2019.

The weekly average was down from 60.83 last week and from 75.19 cents reported the corresponding period a year ago. Daily average quotations ranged from a high of 60.65 cents Friday, November 29 to a low of 59.41 cents Tuesday, December 3.

Spot transactions reported in the Daily Spot Cotton Quotations for the week ended December 5 totaled 53,680 bales. This compares to 99,595 reported last week and 70,174 spot transactions reported the corresponding week a year ago.

Total spot transactions for the season were 460,856 bales compared to 175,785 bales the corresponding week a year ago. The ICE March settlement price ended the week at 64.51 cents, compared to 65.81 cents last week.

– Full Report : https://agfax.com/2019/12/06/weekly-cotton-market-review-usda-231/

(Source: Agfax.com)