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Vol. 99 No. 24
January 19, 2018
Inside this Issue
Market Overview
Price Support
Spot Quotations
ICE Futures
A Index
Southeastern
Textile Mill Report
South Central
Southwestern
Western
Pima Quotations
Cotton and Tobacco Program Cotton Market News Division 3275 Appling Road Memphis, TN 38133 901.384.3016
Average quotations were 220 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, uniformity
81.0-81.9) in the seven designated markets averaged 79.04 cents per pound for the week ending
Thursday, January 18, 2018. The weekly average was up from 76.84 last week and from 70.92
cents reported the corresponding period a year ago. Daily average quotations ranged from a low
of 78.66 cents Tuesday, January 16 to a high of 79.56 cents Thursday, January 18. Spot
transactions reported in the Daily Spot Cotton Quotations for the week ended January 18 totaled
95,760 bales. This compares to 148,565 bales reported last week and 53,781 spot transactions
reported the corresponding week a year ago. Total spot transactions for the season were
1,162,776 bales compared to 926,811 bales the corresponding week a year ago. The ICE March
settlement prices ended the week at 82.63 cents, compared to 82.65 cents last week.
Mp_cn812 Weekly Cotton Market Review
Cotton Market Reports
Subscribe to this report
Sources: USDA, AMS, Cotton and Tobacco Program, 1/ Cotlook
Subscribe to all Cotton Market reports
Date SE ND SD ET-OK WT DSW SJV 7-MKT AVG
12-Jan 82.18 80.68 80.68 78.00 76.50 76.68 77.68 78.91
15-Jan Holiday Holiday Holiday Holiday
16-Jan 81.93 80.43 80.43 77.75 76.25 76.43 77.43 78.66
17-Jan 82.64 81.14 81.14 77.25 75.75 77.14 78.14 79.03
18-Jan 83.13 81.63 81.63 77.75 76.25 77.88 78.63 79.56
Date SE ND SD ET-OK WT DSW SJV 7-MKT AVG
12-Jan 84.93 82.43 82.43 79.75 78.50 80.68 86.58 82.19
15-Jan Holiday Holiday Holiday Holiday
16-Jan 84.68 82.18 82.18 79.50 78.25 80.43 86.33 81.94
17-Jan 85.39 82.89 82.89 79.00 77.75 81.14 87.04 82.30
18-Jan 85.88 83.38 83.38 79.50 78.25 81.88 87.53 82.83
Date Mar-18 May-18 Jul-18 Oct-18 Dec-18 Mar-19
12-Jan 81.68 81.96 82.22 76.77 75.34 75.61
15-Jan Holdiay Holiday Holiday
16-Jan 81.43 81.67 81.86 76.50 75.03 75.27
17-Jan 82.14 82.39 82.60 76.90 75.09 75.24
18-Jan 82.63 82.99 83.36 77.23 75.28 75.28
Date SE ND SD ET-OK WT DSW SJV PIMA
12-Jan 0 0 0 3,646 17,914 1,875 0 0
15-Jan 0 0 0 0 0 0 0 0
16-Jan 0 0 0 7,150 9,985 1,138 0 375
17-Jan 0 0 0 8,651 16,723 0 0 167
18-Jan 0 0 0 8,082 19,501 1,095 0 152
Weekly Totals 0 0 0 27,529 64,123 4,108 0 694
Average Prices 41-4-34
92.35
92.35
92.10
92.85
Far EasternA Index 1/
Average Prices 31-3-35
Futures Settlement
Spot Transactions
Current
93.35
2
Spot cotton trading was inactive. Supplies and producer
offerings were moderate. Demand was moderate.
Average local spot prices were higher. Trading of
CCC-loan equities was inactive.
Mostly clear to fair conditions prevailed across the
entire Southeastern region during the period with daytime
highs in the low 30s to mid-40s. A cold front entered the
region mid-week, ushering in Winter Storm Inga and
freezing rain and snow. Winter storm and wind chill
advisories were issued across the region as locales
experienced extremely hazardous driving conditions and
dangerously cold wind chills. Sleet and snowfall
accumulations ranged from trace amounts to around 2
inches in areas of the lower Southeast to around 4 to 9
inches in portions of the Carolinas and Virginia.
Producers welcomed the moisture, which helped
alleviate abnormally dry-to-moderate drought conditions
throughout areas of the region from the Gulf to Atlantic
Coasts. The Macon and Florence Classing Offices were
closed due to inclement weather on Wednesday, January
17. Ginning continued throughout the region, but was
winding down at many locations. Producers considered
spring planting options and made plans to attend annual
meetings scheduled across the region.
Textile Mill
Demand was good for 2017 and 2018-crop cotton, color
41, leaf 4, and staple 34 and longer for third and fourth
quarter 2018 delivery. No sales were reported. No
additional inquiries were reported. Winter Storm Inga
disrupted raw cotton deliveries and finished product
shipments at some plants. Operations were also delayed at
some locations, due to absent workers.
Demand through export channels was moderate.
Agents throughout the Far East inquired for any
discounted styles of low mike cotton.
Trading
No trading activity was reported.
Southeastern Markets Regional Summary Danny Pino Macon, GA [email protected]
3
North Delta
Spot cotton trading was inactive. Supplies of available
cotton were light. Demand was light. Average local spot
prices were higher. Trading of CCC-loan equities was
inactive. A light amount of forward contracting was
reported. Cotton was being delivered to fulfill contracts.
Winter Storm Inga brought a wintry mix of rain, sleet,
and snow showers to the region early week. Daytime
temperatures plummeted into the single digits, with wind
chill factors below zero. Treacherous road conditions
prompted the closure of all schools, many businesses, and
most government services, with the exception of first
responders. About 4 inches of snow accumulated in most
areas, with 5 to 7 inches in northern areas. Ginning was
slowly winding down throughout the region. The
Memphis Classing Office closed for several days, due to
the observance of Martin Luther King, Jr. Day and
inclement weather; several thousand bales were classed
during the week. Outdoor activities were at a halt due to
bitter conditions. Cotton extension specialists were
confident that the subzero temperatures would eliminate
many overwintering insect pests. Producers made plans to
attend regional and national industry meetings. According
to the U.S. Drought Monitor, severe drought conditions
improved to moderate in Arkansas and the Bootheel of
Missouri as a result of the recent precipitation;
soil moisture conditions remained adequate in the
cotton-producing areas of Tennessee.
South Delta
Spot cotton trading was inactive. Supplies of available
cotton were light. Demand was light. Average local spot
prices were higher. Trading of CCC-loan equities was
inactive. A light amount of forward contracting was
reported. Cotton was being delivered to fulfill contracts.
Winter Storm Inga brought a wintry mix of
precipitation to the region early week. Daytime
temperatures hovered in the teens, with wind chill factors
in the single digits. Icy road conditions prompted the
closure of some sections of interstate highways
in Louisiana, as well as schools, retail operations,
and government services. About 2 inches of snow
accumulated in most areas. Outdoor activities were idle
due to cold, wet conditions. Cotton extension experts
were optimistic that the freezing temperatures would
destroy many overwintering insect pests. Producers
attended various industry meetings. Moderate-to-severe
drought conditions improved in northeastern Louisiana
and parts of Mississippi, according to the U.S. Drought
Monitor.
South Central Markets Regional Summary Jeff Carnahan Memphis, TN [email protected]
Trading
North Delta
Producers booked a light volume of 2018-crop cotton at even ICE December 2018 futures with government discounts.
South Delta
Producers booked a light volume of 2018-crop cotton at even ICE December 2018 futures with government discounts.
4
East Texas Spot cotton trading was active. Supplies and producer
offerings were moderate. Demand was moderate.
Average local spot prices were higher. Producer interest
in forward contracting was moderate. Trading of
CCC-loan equities was active. Foreign inquiries were
moderate. Interest was best from China, Taiwan, and
Turkey.
South and east Texas experienced frigid weather
conditions from Winter Storm Inga that brought drizzle,
sleet, and snow. Some areas of the Rio Grande Valley
received a light dusting of snow on January 16. The
daytime temperatures in Harlingen were variable in the
mid-20s to low 60s. Pressing services were finalized in
south Texas and in the Winter Garden areas. Ginning
continued in the northern Blackland Prairies. Ginning
continued in Kansas, with daytime temperatures in the low
20s to low 50s and overnight lows in the single digits to
low 20s. Conditions were similar in Oklahoma with
reports of ginning continuing into May and possibly June,
due to the size and exceptional yield of the crop. No
precipitation was reported. Producers attended the Red
River Crops Conference held in Altus, Oklahoma on
January 17 and 18. The event was co-hosted by the
Oklahoma State University Extension and the Texas
A&M Agrilife Extension. Attendees received the latest
updates on markets, herbicides, weed control, Bt
technology, and cover crop production.
West Texas Spot cotton trading was active. Supplies and producer
offerings were heavy. Demand was very good. Average
local spot prices were higher. Producer interest in forward
contracting was light. Trading of CCC-loan equities was
active. Foreign inquiries were moderate. Interest was
best from China, Taiwan, and Turkey.
Dry conditions prevailed with temperature variances in
the mid-20s to the low 60s across the region. Extremely
cold air moved through early in the reporting period.
Some fires were reported at gins during times of high
winds gusting around 50 miles per hour. Some fields have
not been harvested and were under evaluation by
insurance adjusters. Ginning continued with some delays
caused by high winds. More than 20 gins have finalized
pressing services for the season. Some gins have worked
together processing modules to help finish the season.
Regional meetings and trainings were hosted. The Texas
Department of Agriculture requires additional training for
dicamba herbicide applicators. The Texas A&M Agrilife
Extension announced a schedule of trainings offered to
producers with applicator licenses.
Southwestern Markets Regional Summary Jane Byers-Angle Lubbock, TX [email protected]
Trading
East Texas
In Kansas, a light volume of color 21 and 31, leaf 2, staple 34 and 35, mike averaging 36.3, strength averaging 28.6,
and uniformity averaging 79.8 sold for around 76.00 cents per pound, FOB car/truck (compression charges not paid).
In Oklahoma, a moderate volume of mostly color 31, leaf 3 and 4, staple 36 and 37, mike averaging 43.9, strength
averaging 30.4, uniformity averaging 81.1, and 50 percent extraneous matter sold for around 78.00 cents, same terms
as above.
A light volume of mostly color 21 and 31, leaf 2 and 3, staple 35 and 36, mike 33-38, strength 30-31, uniformity
78-80, and 25 percent extraneous matter sold for around 74.00 cents, same terms as above.
A heavy volume of CCC-loan equities traded for around 21.00 to 24.00 cents.
West Texas
A heavy volume of color 11 and 21, leaf 3 and better, staple 35 and 36, mike 35-37, strength 28-29, and uniformity
78-81 sold for around 78.25 cents per pound, FOB car/truck (compression charges not paid).
A moderate volume of color 31, leaf 2, staple 34 and 35, mike 33-38, strength 27-29, and uniformity 76-79 sold for
around 72.50 cents, same terms as above.
A mixed lot containing a moderate volume of mostly color 32 and better, leaf 4 and 5, staple 35-37, mike 27-34,
strength 27-33, uniformity 77-82, and 75 percent extraneous matter sold for around 61.00 cents, same terms as above.
A light volume of CCC-loan equities traded for around 15.50 to 17.75 cents.
5
Southwestern Markets Regional Summary Jane Byers-Angle Lubbock, TX [email protected]
Photos Courtesy of: Jane Byers-Angle
6
Desert Southwest (DSW) Spot cotton trading was active. Supplies and demand were
moderate. Average local prices were higher. Producers
delivered 2017-crop cotton to the co-op, merchant
marketing pools, or into the CCC-loan program.
Producers inquired for 2018-crop contracts. No contracts
were signed.
Temperatures were mild and pleasant in the low-to-mid
70s for central Arizona. No rainfall was recorded in the
period. Ginning continued uninterrupted. Arizona
producers delivered an outstanding quality crop this
season. The Visalia Classing Office reported the season
average of color 31 and better, leaf 3 and better just over
96 percent, mike averaging 44.3, length averaging 36.96,
and strength averaging 31.52 for week ending January 18.
Temperatures were in the 50s and 60s for New Mexico
and El Paso, Texas for most of the week. Extreme cold
and strong winds plunged temperatures into the low to
mid-30s late week. Ginning continued. The El Paso
County Water Improvement District 1 plans to release
irrigation water from the Caballo Dam on March 16 for
April 1 delivery, with an initial water allocation of 3.5 acre
feet for agricultural water users. This is just shy of a full
allocation of 4.0 acre feet. Allocations could likely
increase if more rain and snow comes between now and
April. Producers considered spring planting options.
San Joaquin Valley (SJV) Spot cotton trading was inactive. Supplies were light.
Demand was moderate. Average local spot prices were
higher. Producers delivered 2017-crop cotton to the
co-op, merchant marketing pools, or into the CCC-loan
program. No forward contracting or domestic mill activity
was reported. Foreign mill inquiries were moderate.
Dense early morning fog was present for most of the
period. Rain and snow are in the near term forecast.
Ginning continued. The Visalia Classing Office reported
the season average Upland saw-ginned length at 37.04 for
week ending January 18 compared to 36.89 at this same
time last year. Strength averaged 33.76 compared to 33.94
the previous season. The season average Upland
roller-ginned length was 38.92 compared to 38.98 in 2017.
Strength averaged 36.04 compared to 36.30 last year.
Ginning continued. Producers considered spring planting
options. Fieldwork was on-going
American Pima (AP) Spot cotton trading was slow. Supplies and producer
offerings were light. Demand was moderate. Average
local spot prices were steady. No forward contracting or
domestic mill activity was reported. Producers inquired
for 2018-crop contracts. Foreign mill inquiries were light.
Temperatures were in the 70s for Arizona and 50s in
California. Seasonable temperatures dropped into the low
30s for New Mexico and El Paso, Texas late week as
frigid air worked its way through the region. No moisture
was reported for the Far West, although rain and snow
are in the near term forecast. Ginning continued
uninterrupted. The Visalia Classing Office reported the
season average AP length at 49.14 for week ending
January 18 compared to 48.84 at this same time last year.
Strength averaged 43.64 compared to 43.63 the previous
season.
Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
Trading
Desert Southwest
In Arizona, a heavy volume of color 11 and 21, leaf 1 and 2, staple 37 and longer, mike averaging 48.0, strength
averaging 32.5, and uniformity 80.8 sold for around 84.00 cents per pound, uncompressed FOB warehouse.
A moderate volume of mostly color 21 and better, leaf 2 and better, staple 37 and longer, mike 37-45, strength
averaging 31.5, and uniformity averaging 81.0 sold for around 82.50 cents, same terms as above.
A light volume of mostly color 21 and better, leaf 3 and better, staple 35-38, mike 35-49, strength averaging 32.3, and
uniformity averaging 81.5 sold for around 275 points off ICE March futures, same terms as above.
San Joaquin Valley
No trading activity was reported.
American Pima
A light volume of mostly color 1, leaf 1, staple 48 and longer, mike averaging 37.6, strength averaging 42.5, and
uniformity averaging 85.7 sold for around 142.75 cents per pound, uncompressed, FOB warehouse.
A light volume of mostly color 1, leaf 1, staple 48, mike averaging 35.4, strength averaging 43.2, and uniformity
averaging 85.1 sold for around 140.75 cents, same terms as above.
7
2017 Crop Quality
For complete Quality reports click here.
Source: USDA, AMS, Cotton and Tobacco Program
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
of Gins
Southeast Florence 1,301,323 41 3 0.45 4.53 36.49 30.26 81.84 53
Macon 2,671,593 31 3 0.37 4.41 36.65 29.33 81.84 79
Memphis 240,152 41 4 0.55 4.17 37.57 30.20 82.04 14
Southeast 4,213,068 31 3 0.40 4.44 36.65 29.67 81.86 146
Southeast Quality Summary 2017-Crop
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
Of Gins
South Central Dumas 1,277,089 31 4 0.49 4.37 37.87 31.67 81.90 41
Memphis 2,435,872 41 4 0.50 4.35 37.69 30.57 82.26 76
Rayville 431,218 31 3 0.43 4.53 37.10 31.30 81.47 19
South Central 4,144,179 31 4 0.49 4.37 37.69 30.98 82.07 136
South Central Quality Summary 2017-Crop
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
Of Gins
Southwest Abilene 1,155,975 21 2 0.27 3.97 35.81 29.45 80.08 42
Corpus Christi 2,253,978 31 3 0.34 4.48 36.04 30.02 81.12 59
Lamesa 1,455,336 21 2 0.26 3.77 35.22 28.99 79.44 39
Lubbock 3,107,536 21 3 0.28 3.26 36.09 29.65 79.65 73
Southwest 7,988,771 21 3 0.29 3.80 35.88 29.60 80.09 214
Southwest Quality Summary 2017-Crop
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
Of Gins
Far West Visalia 543,439 21 2 0.20 4.37 37.28 32.49 81.38 37
Far West 543,439 21 2 0.20 4.37 37.28 32.49 81.38 37
PIMA - Southwest Visalia 20,975 1 2 0.30 4.14 47.88 42.55 86.22 2
PIMA - Far West Visalia 548,612 1 2 0.26 4.14 49.20 43.69 86.23 23
Far West and American Pima Quality Summary 2017-Crop
16,889,457 31 3 0.36 4.12 36.56 30.05 81.06 533
569,587 1 2 0.26 4.14 49.15 43.65 86.23 25
United States Quality Summary 2017-CropUnited States Upland
United States Pima
8
Dec Dec Dec 29 Jan Jan
15-21 22-28 Jan 04 05-11 12-18
65.95 68.00 70.62 70.86 71.21
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.45 0.42 0.33 0.35 0.36
0.60 0.57 0.48 0.50 0.51
1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per tex, length uniformity of 80.0-81.9 percent.
Source: Farm Service Agency, USDA.
Week Mkt. Year Week
- 4,760,000 -
222,500 4,197,600 289,900
- 8,957,600 -
352,100 - 328,300
5,600 - 53,300
346,500 - 275,100
31,700 602,300 104,600
Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA.
NOTE: Data may not add due to rounding.
January 18, 2018
19-25
Fine count adjustment 2017 0.57
Marketing Years
2016-2017
7,518,100
3,808,000
Total export commitments
-
Sales next marketing year
Net sales of 275,100 running bales for 2017/2018 were unchanged from the previous week, but up 15 percent from the prior 4-week average.
Increases were reported for Indonesia (63,500 RB, including 1,200 RB switched from Japan and 400 RB switched from Thailand), India
(50,600 RB, including decreases of 1,300 RB), Turkey (43,200 RB, including decreases of 6,600 RB), Vietnam (42,700 RB, including 400 RB
switched from Japan), Mexico (13,000 RB), and Taiwan (12,800 RB). Reductions were reported for Japan (1,100 RB) and Peru (400 RB). For
2018/2019, net sales of 104,600 RB for Malaysia (35,200 RB), China (33,000 RB), Vietnam (29,900 RB), Mexico (9,700 RB), and South Korea
(6,300 RB) were offset by decreases for Japan (9,500 RB). Exports of 289,900 RB--a marketing-year high--were up 3 percent from the
previous week and 27 percent from the prior 4-week average. The primary destinations were China (100,000 RB), Vietnam (54,800 RB),
Indonesia (23,500 RB), Pakistan (21,300 RB), and Turkey (13,000 RB). Net sales of Pima totaling 11,100 RB for 2017/2018 were up 66 percent
from the previous week and 22 percent from the prior 4-week average. Increases were reported for India (3,200 RB, including decreases of
100 RB), Germany (2,600 RB), China (2,200 RB, switched from Hong Kong), and Vietnam (1,300 RB). Reductions were reported for Hong
Kong (900 RB). Exports of 13,000 RB were up 53 percent from the previous week, but down 4 percent from the prior 4-week average. The
primary destinations were China (4,300 RB), Pakistan (3,900 RB), India (1,800 RB), and Egypt (700 RB).
Optional Origin Sales: The current optional origin outstanding balance of 16,500 RB is for Indonesia.
Exports for Own Account: New exports for own account totaling 18,300 RB were reported to Vietnam (10,700 RB), Indonesia (6,300 RB), and
China (1,400 RB). Exports to Indonesia (6,000 RB), Vietnam (4,300 RB), and China (3,400 RB) were applied to new or outstanding sales. The
current outstanding balance of 67,400 RB is for Indonesia (35,700 RB), Vietnam (13,400 RB), Taiwan (11,600 RB), China (5,000 RB), India
(1,100 RB), Bangladesh (500 RB), and Pakistan (100 RB).
New sales -
Buy-backs and cancellations -
1,434,700
Net sales
Course count adjustment 0.00
11,326,100
Exports
Outstanding sales
Through January 12, 2017 Through January 11, 2018
Description
Mkt. Year
2017-2018
Loan Deficiency Payment (LDP) 0.00
World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Friday through midnight, EDT, Thursday
Jan
Fine count adjustment 2016 0.42
Adjusted world price 1/ 74.45
2017-2018
9
Delivery Points
Stocks as of
1-18-2018
Awaiting
Review
Non-Rain
Grown Cotton
Dallas/FT. Worth, TX 357 0 0
Galveston, TX 22,798 0 0
Greenville, SC 37 0 0
Houston, TX 6,480 0 0
Memphis, TN 18,395 0 0
Total 48,067 0 0
Number of Bales in Certificated Stocks
31-3 41-4 51-5 42-4 31-3 41-4 51-5 42-4 31-3 41-4 51-5 42-4 21-2 31-3 41-4 51-5
82.63 81.13 77.63 78.88 80.63 78.88 74.38 77.13 80.63 78.88 74.38 77.13 76.88 76.13 71.63 69.88
84.38 83.13 78.63 80.38 82.38 81.63 76.38 77.88 82.38 81.63 76.38 77.88 79.13 78.38 77.88 70.38
85.88 85.13 79.13 80.38 83.38 81.63 76.88 78.63 83.38 81.63 76.88 78.63 83.38 81.88 78.13 72.13
87.38 85.38 79.38 80.63 85.63 82.88 77.13 78.63 85.63 82.88 77.13 78.88 84.23 83.48 78.23 72.38
21-2 31-3 41-4 42-4 21-2 31-3 41-4 42-4 21-2 31-3 41-4 32-3
74.75 74.00 72.50 71.50 74.00 72.00 70.25 69.50
75.25 74.75 74.00 72.50 75.00 73.75 72.25 71.25
77.00 76.75 75.00 73.25 77.00 75.75 73.00 72.25
79.25 78.25 77.75 76.75 77.25 76.50 76.25 74.25 82.78 81.28 78.63 78.13
80.50 79.50 77.75 76.75 79.25 78.25 76.25 75.00 89.03 87.53 80.63 80.63
82.00 80.75 78.75 77.50 79.75 79.25 77.25 76.75 92.53 91.03 81.43 81.38
82.25 81.25 79.00 77.50 80.25 79.75 77.50 76.75 94.03 92.28 81.53 81.88
82.50 81.50 81.50 77.50 80.50 80.00 80.00 76.75 96.28 94.03 81.53 82.88
SOUTH- NORTH SOUTH E. TX WEST DESERT SJ
EAST DELTA DELTA OK TEXAS SW VALLEY AVG.
-1150 -1825 -1350 -1442
-825 -1000 -1100 -1075 -1650 -1150 -1133
-425 -650 -750 -850 -1275 -1050 -1600 -943
-275 -325 -325 -600 -925 -650 -1000 -586
-150 -125 -125 -475 -700 -450 -500 -361
0 0 0 0 0 0 0 0
0 25 25 0 0 25 25 14
0 0 0 0 0 0 0 0
-200 -225 -225 -225 -225 -300 -500 -271
-375 -375 -375 -350 -350 -550 -396
SOUTH- NORTH SOUTH E. TX Grams WEST DESERT SJ SOUTH- NORTH SOUTH E. TX Unit WEST DESERT SJ
EAST DELTA DELTA OK per tex TEXAS SW VALLEY AVG. EAST DELTA DELTA OK TEXAS SW VALLEY AVG.
-250 19.0 - 19.9 -250 -250 -125 -90 -90 -90 77 & below -125 -100 -60 -97
-250 20.0 - 20.9 -250 -250 -110 -80 -80 -75 78 -95 -90 -50 -83
-425 -300 -275 -225 21.0 - 21.9 -225 -600 -342 -100 -70 -70 -60 79 -80 -80 -40 -71
-350 -250 -225 -200 22.0 - 22.9 -200 -450 -279 -25 0 0 0 80 0 0 0 -4
-300 -200 -200 -175 23.0 - 23.9 -175 -300 -225 0 0 0 0 Base 81 0 0 0 0
-250 -175 -175 -175 24.0 - 24.9 -175 -225 -500 -239 0 0 0 0 82 0 0 50 7
-200 -150 -150 -150 25.0 - 25.9 -150 -200 -400 -200 20 30 30 10 83 0 30 80 29
-25 -25 -25 -100 26.0 - 26.9 -100 -125 -300 -100 30 40 40 10 84 10 40 90 37
0 0 0 0 Base 27.0 - 28.9 0 0 0 0 40 50 50 20 85 20 50 100 47
0 0 0 0 29.0 - 29.9 0 0 0 0 50 60 60 30 86 & above 30 60 110 57
25 25 25 25 30.0 - 30.9 25 25 75 32
50 50 50 25 31.0 - 32.9 25 50 125 54
50 50 50 25 33.0 & above 25 100 250 79
January 18, 2018
36
34
SOUTH DELTA
37
38
32
33
STRENGTH DIFFERENCES UNIFORMITY DIFFERENCES
Base 43-49
50-52
37-42
25-26
27-29
33-34
MIKE DIFFERENCES - POINTS PER POUND
53 & Above
EAST TEXAS-OKLAHOMA WEST TEXAS
DESERT SOUTHWEST
34
33
Staple
36
Base 35-36
Staple
24 & Below
SAN JOAQUIN VALLEY
35
Mike Ranges
30-32
Spot quotations are in cents per pound for cotton equal to the Official Standards, net weight, in mixed lots, compressed, FOB car/truck.
26-31
35
SOUTHEAST NORTH DELTA
10
Leaf
44 46 48
1 139.00 147.75 150.25
2 138.75 147.50 150.00
3 131.00 138.75 140.25
4
5
6
1 138.75 147.50 150.00
2 138.50 147.25 149.75
3 130.75 138.50 140.00
4 120.75 129.00 130.50
5
6
1 128.50 136.25 137.75
2 126.00 133.75 135.25
3 124.75 132.50 134.00
4 115.75 123.50 125.00
5 99.75 107.00 108.50
6
1 109.50 117.25 119.50
2 109.25 117.00 118.75
3 109.00 116.75 118.00
4 104.00 111.75 113.00
5 92.75 100.50 101.75
6
1
2 88.50 98.50 99.75
3 88.50 98.00 99.75
4 88.50 92.50 93.75
5 88.25 92.25 93.50
6
1
2 80.75 83.75 85.00
3 80.75 83.75 85.00
4 80.75 83.75 85.00
5 80.50 83.50 84.75
6 80.00 83.00 84.25
January 18, 2018
6
American Pima quotations are for cotton equal to the Official Standards, net weight, in mixed lots, UD Free, FOB warehouse. 1/
AMERICAN PIMA SPOT QUOTATIONS
Color Staple
1
2
2
-1035
3
4
2 -1095
Other
-810
35.5-36.4
30-32 -900
1 -715
0
1/ Pima spot quotations for color-leaf-staple combinations not quoted will be included as sales of those qualities which are reported.
5
Level Diff.
Prep
1
Extraneous Matter
36.5-37.4
37.5 & Above
-1350
-1100
-850
Range Diff.
(Grams per Tex)
Range Diff.
The current Pima spot quotations
represent prices from local sales,
export sales, and offerings last
reported on December 22, 2017.
Mike
Strength
-1400
26 & Below -1900
27-29
33-34 -400
35.4 & Below
35 & Above 0