Page 1
Vol. 99 No. 25
January 26, 2018
Inside this Issue
Market Overview
Price Support
Spot Quotations
ICE Futures
A Index
Southeastern
Textile Mill Report
South Central
Southwestern
Western
Ginnings
Pima Quotations
Cotton and Tobacco Program Cotton Market News Division 3275 Appling Road Memphis, TN 38133 901.384.3016
Average quotations were 62 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 79.66 cents
per pound for the week ending Thursday, January 25, 2018. This is the highest weekly
average since week ending June 6, 2014 when the average was 79.87. The weekly
average was up from 79.04 last week and from 72.26 cents reported the corresponding
period a year ago. Daily average quotations ranged from a season high of 80.30 cents
Friday, January 19 to a low of 79.13 cents Thursday, January 25. Spot transactions
reported in the Daily Spot Cotton Quotations for the week ended January 25 totaled
97,479 bales. This compares to 95,760 bales reported last week and 140,546 spot
transactions reported the corresponding week a year ago. Total spot transactions for the
season were 1,260,255 bales compared to 1,067,357 bales the corresponding week a
year ago. The ICE March settlement prices ended the week at 81.88 cents, compared to
82.63 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
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Spot cotton trading was active. Supplies and
producer offerings were moderate. Demand was
moderate. Average local spot prices were higher.
Trading of CCC-loan equities was inactive.
Sunny to partly cloudy conditions prevailed across
Alabama, the Florida panhandle, and Georgia during
the period, with mild daytime high temperatures in
the low 60s to mid-70s. A band of showers brought
light-to-moderate rain to areas of central Alabama
early in the week. Rainfall totals measured up to 1
inch, with slightly heavier totals reported locally.
Producers welcomed the moisture, which helped to
relieve dry conditions in some areas. Similar weather
was observed across the upper Southeastern region
during the week with colder daytime high
temperatures dipping into the upper 40s. Light
scattered moisture was received in portions of the
central Carolinas early in the week. However,
rainfall totals generally measured less than one-tenth
of an inch. Despite receiving moisture from frontal
systems recently, precipitation amounts are below
normal across the region resulting in low
streamflows, drying soils, and expanding drought
conditions across much of the Southeast, according to
the U.S. Drought Monitor. A period of consistent wet
weather is needed to recharge subsoil moisture levels
and relieve moderate-to-severe drought conditions in
areas from the Gulf Coast to the central Carolinas and
Virginia. Ginning continued across the region and
many gins had gone to gin days; some larger gins that
had a late start in the season continued to operate at
capacity. Producers attended annual meetings 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. Most mills
operated five to seven days.
Demand through export channels was moderate.
Agents throughout the Far East inquired for any
discounted styles of low mike cotton.
Trading
A heavy volume mixed lot containing color mostly 31 and 41, leaf 2-4, staple 33 and longer, mike 37-49,
strength 27-29, and uniformity 80-83 sold for around 150 points on ICE March futures, FOB car/truck,
Georgia terms (Rule 5, compression charges paid, 30 days free storage).
Even-running lots containing color 31, leaf 3 and 4, staple 38, mike 37-49, strength 28-30, and uniformity
80-83 sold for around 84.00 cents per pound, FOB car/truck (Rule 5, compression charges paid).
A light volume of color mostly 41, leaf mostly 2 and 3, staple 35-37, mike 37-49, strength 27-30, and
uniformity 80-82 sold for around 83.00 cents, same terms as above.
Southeastern Markets Regional Summary Danny Pino Macon, GA [email protected]
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North Delta
Spot cotton trading was slow. Supplies of available
cotton were light. Demand was light. Average local
spot prices were higher. Trading of CCC-loan
equities was slow. A light volume of forward
contracting was reported. Cotton was being delivered
to fulfill contracts.
Milder, seasonably cool temperatures and light
rain showers characterized climatic conditions during
the week. Daytime temperatures were in the 40s to
60s. Overnight lows were in the 20s and 40s. Less
than 1 inch of rain was reported in most locales.
Ginning was slowly drawing to a close throughout the
region. The Dumas Classing Office had processed
over 1,277,000 bales, or 96 percent of its total
estimated workload for the 2017-crop year. The
Memphis Classing Office had processed over
2,676,000 bales, or 99 percent of its estimated total
for the season. No outdoor activities were reported,
due to wet conditions. According to the U.S. Drought
Monitor, severe drought conditions declined 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. Producers studied planting options;
cotton experts expected a slight increase in planted
acreage next season, due to low commodity prices for
competing crops.
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 volume of
forward contracting was reported. Cotton was being
delivered to fulfill contracts.
Seasonably cool temperatures prevailed during
the week. Daytime temperatures were in the 50s to
60s. Overnight lows were in the 20s to 40s. Less
than 1 inch of rain was reported in most locales.
Outdoor activities were idle due to cold, wet
conditions. The Rayville Classing Office has
completed its season and classed over 431,200
bales. Producers attended various industry meetings.
According to the U.S. Drought Monitor,
moderate-to-severe drought improved in northeastern
Louisiana and parts of Mississippi. Local experts
predicted that cotton acreage will increase in 2018,
while producers considered planting options.
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.
A moderate volume of CCC-loan equities traded at around 27.00 cents per pound.
South Delta
Producers booked a light volume of 2018-crop cotton at even ICE December 2018 futures with government
discounts.
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East Texas Spot cotton trading was active. Supplies and
producer offerings were moderate. Demand was
moderate. Average local spot prices were firm.
Producer interest in forward contracting was
moderate. Trading of CCC-loan equities was active.
Foreign inquiries were moderate.
Warmer conditions prevailed in south Texas, with
the exit of Winter Storm Inga. Daytime temperatures
were in the low 50s to low 70s, and overnight
temperatures were in the low 40s to low 60s. Good
chances for rainfall were in the nearby forecast.
Preparation for the planting season was underway.
According to the Risk Management Agency’s Cotton
(irrigated) Final Planting Dates map, March 31, 2018
is the final planting date for full insurance coverage
for Cameron, Hidalgo, Jim Hogg, Starr, Willacy, and
Zapata counties. Local reports indicate that an
increase in planted acres, compared to last season, is
expected. Kansas daytime temperatures were in the
mid-40s to low-60s, with overnight temperatures in
the mid-20s to mid-30s. Some precipitation was
received January 22. Conditions were windy.
Warm, sunny conditions prevailed in Oklahoma, with
occasional bouts of high winds. Daytime highs were
in the upper 50s to low 70s. Nighttime lows were in
the low 20s to upper 30s. Gin yards were full of
modules and some modules had been transported
from the fields to properties closer to the gins.
Ginning was expected to continue into May and
possibly June.
West Texas Spot cotton trading was active. Supplies and
producer offerings were heavy. Demand was very
good. Average local spot prices were firm. Producer
interest in forward contracting was light. Trading of
CCC-loan equities was inactive. Foreign inquiries
were moderate. Interest was best from Pakistan,
Peru, and Taiwan.
A warming trend occurred since Winter Storm
Inga exited the region. High, pesky wind conditions
prevailed. Daytime temperatures were in the mid-50s
to low 60s, with overnight lows in the teens and 20s.
Drought conditions expanded, according to the U.S.
Drought Monitor. Local news reports indicated that
no significant rainfall has been measured in more
than 78 days. Modules continue to be transported
from fields to the gin yards. Some gins finalized
pressing services for their producers. Harvest season
was drawing to an end. Stalks were cut and
shredded. Meetings were attended.
Southwestern Markets Regional Summary Jane Byers-Angle Lubbock, TX [email protected]
East Texas
In Oklahoma, a heavy volume of color 21 and better, leaf 2 and better, staple 36-39, mike 35-49, strength
29-32, and uniformity 79-82 sold from around 83.25 cents per pound, FOB car/truck (compression charges
not paid).
A heavy volume of color 31 and better, leaf 3 and better, staple 36-40, mike 38-44, strength 26-31, and
uniformity 76-83 sold from around 82.00 cents, same terms as above.
A moderate volume of mostly color 31, leaf 3 and 4, staple 35, mike 38-46, strength 27-28, uniformity
78-80, and 50 percent extraneous matter sold for around 76.00 cents, same terms as above.
A light volume of mostly color 21, leaf 2, staple 33, mike 33-41, strength 26-29, and uniformity 78-81 sold
for around 75.00 cents, same terms as above.
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Southwestern Markets Regional Summary Jane Byers-Angle Lubbock, TX [email protected]
A heavy volume of mostly color 63 and better, leaf 4-6, staple 35 and mike averaging 47.0 was sold to
Turkish mills for prompt shipment.
A heavy volume of CCC-loan equities traded for around 22.00 to 24.75 cents.
West Texas
A light volume of color 11 and 21, leaf 1 and 2, staple mostly 36, mike 33-40, strength averaging 31.4, and
uniformity 77-81 sold for around 80.00 cents per pound, FOB car/truck (compression charges not paid).
A moderate volume of mostly color 21 and better, leaf 2 and better, staple 35-38, mike averaging 36.7,
strength averaging 29.8, and uniformity averaging 80.6 sold for around 78.25 cents, same terms as above.
A moderate volume of color 22 and better, leaf 2 and better, staple 36 and 37, mike 36-43, strength 26-30,
and uniformity 78-82 sold for around 78.25 cents, same terms as above.
A light volume of mostly color 21 and 22, leaf 2 and 3, staple 36 and longer, mike averaging 33.5, strength
averaging 30.4, uniformity averaging 81.0, and 50 percent bark sold for around 72.50 cents, same terms as
above.
A heavy volume of mostly color 11 and 21, leaf 2 and 3, staple 37-40, mike 28-34, strength averaging 33.1,
and uniformity 77-82 sold for around 70.75 cents, same terms as above.
A moderate volume of mostly color 21, leaf 3 and 4, staple 37, mike 26-31, strength averaging 30.4, and
uniformity 78-81 sold for around 63.00 cents, same terms as above.
A light volume of color 13 and 23, leaf 3 and better, staple 35-37, mike averaging 28.4, strength averaging
29.1, uniformity averaging 78.8, with 25 percent bark sold for around 50.25 cents, same terms as above.
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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. Sources reported that there
was more rood cotton harvested, mostly due to higher
ICE prices that pushed prices for rood cotton higher.
Temperatures were mild and pleasant in the
low-to-mid 70s for central Arizona. No rainfall was
recorded in the period. According to the U.S.
Drought Monitor, cotton-growing areas of Arizona
were in a moderate-to-severe drought status.
Fieldwork was active and seedbed preparations
advanced in Yuma. Pre-plant irrigations were active.
Planting will begin in February. Yuma producers
remained uncertain about acreage increases for 2018.
They were waiting to hear from cottonseed
companies as most are active in the “save
seed” programs. Private sources indicated that
producers intended to plant about 10 percent more
cotton. Ginning continued in central Arizona.
Temperatures were in the 50s and 60s for New
Mexico and El Paso, Texas. No moisture was
recorded in the period. Abnormally dry-to-moderate
drought conditions were reported for cotton-growing
areas of New Mexico, according to the U.S. Drought
Monitor. Ginning continued. Producers considered
spring planting options. Sources reported that
producers intend to increase 2018 acreage by 10 to 15
percent, especially in New Mexico and El Paso
County.
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.
Spotty showers deposited around one-tenth of an
inch in Kern County early in the reporting period.
Cloudy conditions moved into the Valley late week.
It began raining the morning of January 25; snowfall
was received in higher elevations. Approximately
one-third of an inch of precipitation was received on
the Valley floor. Snowfall accumulated in elevations
5,000 feet and higher. It has been a dry winter.
According to the U.S. Drought Monitor, abnormally
dry conditions existed in several counties within the
SJV. The overall Sierra Nevada Mountain water
content stands at 3 inches for January 22, according
to the California Department of Water Resources.
The good news is reservoir storage was ranked above
average, due to plentiful snowpack in 2017. Ginning
continued. Producers considered spring planting
options. Fieldwork was on-going.
American Pima (AP) Spot cotton trading was inactive. 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. Shippers offering
prices were firm.
Temperatures were in the 70s for Arizona and 50s
in California, New Mexico, and El Paso, Texas. A
couple of Pacific winter storms brought rain and
snow, but mostly to the northwestern states.
Snowpacks in central and southern Sierra Nevada
Mountains of California, mountain ranges in Arizona,
and New Mexico were well below average for this
time of year. In some months, no measurable
moisture was received. Reservoir storage was ranked
above average in California. As of January 15, water
storage was below normal in the Arizona major
basins. The Salt and Verde River reservoir system
stood at 61 percent of capacity, while the San Carlos
Reservoir was at 7 percent of capacity. Ginning
capacity slowed as some gins in Arizona and the San
Joaquin Valley were finishing pressing operations.
One gin in Arizona had yet to begin ginning.
Ginning was expected to continue in New Mexico
and El Paso, Texas into mid-February.
Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
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Western Markets Regional Summary Maria Townsend Visalia, CA [email protected]
Trading
Desert Southwest
In Arizona, a moderate volume of color mostly 21 and better, leaf 2 and better, staple 35-38, mike averaging
48.2, strength averaging 32.3, and uniformity averaging 82.0 sold for around 84.25 cents per pound,
uncompressed, FOB warehouse.
A mixed quality lot of light volume containing mostly color 31 and 32, leaf 5 and better, staple 37 and 38,
mike 43-52, strength averaging 32.0, and uniformity averaging 81.5 sold for around 78.50 cents, same terms
as above.
A light volume of color 11 and 21, leaf 2 and better, staple mostly 34 and 35, mike averaging 25.0, strength
averaging 24.2, and uniformity averaging 78.6 sold for around 54.25 cents, same terms as above.
In New Mexico, a light volume of mostly color 31, leaf 3, staple 33-35, mike averaging 36.8, strength
averaging 26.9, and uniformity averaging 78.0 sold for around 75.25 cents, FOB car/truck (compression
charges not paid).
San Joaquin Valley
No trading activity was reported.
American Pima
No trading activity was reported.
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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 1,322,369 41 3 0.45 4.53 36.48 30.23 81.83 53
Macon 2,765,267 31 3 0.37 4.41 36.64 29.29 81.83 79
Memphis 246,171 41 4 0.55 4.17 37.56 30.19 82.04 14
Southeast 4,333,807 31 3 0.40 4.43 36.64 29.63 81.84 146
Southeast Quality Summary 2017-Crop
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
Of Gins
South Central Dumas 1,283,943 31 4 0.49 4.37 37.87 31.66 81.89 41
Memphis 2,466,103 41 4 0.50 4.35 37.69 30.58 82.26 76
Rayville 431,218 31 3 0.43 4.53 37.10 31.30 81.47 19
South Central 4,181,264 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 1,243,579 21 2 0.27 3.96 35.80 29.43 80.07 42
Corpus Christi 2,274,828 31 3 0.34 4.48 36.05 30.02 81.12 59
Lamesa 1,539,913 21 2 0.26 3.77 35.18 28.95 79.43 39
Lubbock 3,286,932 21 3 0.28 3.26 36.06 29.62 79.62 73
Southwest 8,362,274 21 3 0.29 3.79 35.86 29.58 80.06 214
Southwest Quality Summary 2017-Crop
Region Classing Office Bales
Color
Grade
Leaf
Grade Trash Mike Staple Strength Uniformity
Number
Of Gins
Far West Visalia 583,847 21 2 0.20 4.36 37.28 32.47 81.39 37
Far West 583,847 21 2 0.20 4.36 37.28 32.47 81.39 37
PIMA - Southwest Visalia 21,645 1 2 0.30 4.13 47.86 42.51 86.19 2
PIMA - Far West Visalia 571,350 1 2 0.26 4.13 49.19 43.63 86.22 23
Far West and American Pima Quality Summary 2017-Crop
17,461,192 31 3 0.36 4.11 36.54 30.02 81.03 533
592,995 1 2 0.26 4.13 49.14 43.59 86.22 25
United States Quality Summary 2017-CropUnited States Upland
United States Pima
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Cotton Ginnings
For complete Ginnings report click here.
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10
Dec Dec 29 Jan Jan Jan
22-28 Jan 04 05-11 12-18 19-25
68.00 70.62 70.86 71.21 74.45
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.42 0.33 0.35 0.36 0.42
0.57 0.48 0.50 0.51 0.57
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
- 4,989,300 -
227,700 4,425,200 232,500
- 9,414,500 -
468,900 - 257,900
11,900 - 190,200
457,000 - 67,700
10,400 612,700 107,800
Source: Export Sales Reporting Division, Foreign Agricultural Service, USDA.
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 26
Fine count adjustment 2016 0.45
Adjusted world price 1/ 75.30
2017-2018
Course count adjustment 0.00
11,393,700
Exports
Outstanding sales
Through January 19, 2017 Through January 18, 2018
Description
Mkt. Year
2017-2018
-
Sales next marketing year
Net sales of 67,700 running bales for 2017/2018 were down 75 percent from the previous week and 70 percent from the prior 4-week average.
Increases were reported for Vietnam (67,700 RB, including 3,900 RB switched from China), Indonesia (34,100 RB, including 1,000 RB
switched from China and 500 RB switched from Japan), South Korea (30,700 RB, including 3,700 RB switched from China), Turkey (30,300
RB), and Thailand (12,000 RB, including 300 RB switched from Japan). Reductions were reported for Bangladesh (98,300 RB), China (27,800
RB), and Japan (1,300 RB). For 2018/2019, net sales of 107,800 RB for Bangladesh (77,000 RB), China (10,600 RB), Taiwan (10,600 RB), and
Thailand (9,700 RB). Exports of 232,500 RB were down 20 percent from the previous week and 12 percent from the prior 4-week average. The
primary destinations were Vietnam (48,500 RB), China (47,200 RB), Pakistan (24,300 RB), Indonesia (23,300 RB), and Turkey (21,500 RB). Net
sales of Pima totaling 5,200 RB for 2017/2018 were down 53 percent from the previous week and 43 percent from the prior 4-week average.
Increases were reported for India (3,000 RB), Thailand (1,500 RB), and South Korea (400 RB). Reductions were reported for Japan (300 RB),
Germany (300 RB), and Switzerland (100 RB). For 2018/2019, net sales of 1,300 RB were reported for Austria. Exports of 16,800 RB were up
29 percent from the previous week and 29 percent from the prior 4-week average. The primary destinations were China (8,800 RB), India
(3,000 RB), Vietnam (2,200 RB), and Pakistan (1,400 RB).
Optional Origin Sales: The current outstanding balance of 16,500 RB is for Indonesia.
Exports for Own Account: New exports for own account totaling 13,600 RB were reported to Indonesia (9,800 RB), China (2,500 RB),
Vietnam (900 RB), and Thailand (400 RB). Exports to Vietnam (6,700 RB), Indonesia (2,100 RB), and China (1,400 RB) were applied to new or
outstanding sales. Decreases totaling 700 RB were reported for Thailand (400 RB) and Indonesia (300 RB). The current outstanding
balance of 70,100 RB is for Indonesia (43,100 RB), Taiwan (11,600 RB), Vietnam (7,600 RB), China (6,100 RB), India (1,100 RB), Bangladesh
(500 RB), and Pakistan (100 RB).
New sales -
Buy-backs and cancellations -
1,542,500
Net sales
NOTE: Data may not add due to rounding.
January 25, 2018
Feb 01
Fine count adjustment 2017 0.60
Marketing Years
2016-2017
7,353,200
4,040,500
Total export commitments
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Delivery Points
Stocks as of
1-25-2018
Awaiting
Review
Non-Rain
Grown Cotton
Dallas/FT. Worth, TX 357 0 0
Galveston, TX 23,412 0 0
Greenville, SC 37 0 0
Houston, TX 6,480 0 0
Memphis, TN 18,395 0 0
Total 48,681 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
81.88 80.38 76.88 78.13 79.88 78.13 73.63 76.38 79.88 78.13 73.63 76.38 76.13 75.38 70.88 69.13
83.63 82.38 77.88 79.63 81.63 80.88 75.63 77.13 81.63 80.88 75.63 77.13 78.38 77.63 77.13 69.63
84.63 83.88 78.38 79.63 82.63 80.88 76.13 77.88 82.63 80.88 76.13 77.88 82.63 81.13 77.38 71.38
86.13 84.13 78.63 79.88 84.88 82.13 76.38 77.88 84.88 82.13 76.38 78.13 83.73 82.73 77.48 71.63
21-2 31-3 41-4 42-4 21-2 31-3 41-4 42-4 21-2 31-3 41-4 32-3
75.00 74.25 72.75 71.75 74.50 72.50 70.75 70.00
75.50 75.00 74.25 72.75 75.50 74.25 72.75 71.75
77.25 77.00 75.25 73.50 77.50 76.25 73.50 72.75
79.50 78.50 78.00 77.00 77.75 77.00 76.75 74.75 82.03 80.53 77.88 77.38
80.75 79.75 78.00 77.00 79.75 78.75 76.75 75.50 88.28 86.78 79.88 79.88
82.25 81.00 79.00 77.75 80.25 79.75 77.75 77.25 91.78 90.28 80.68 80.63
82.50 81.50 79.25 77.75 80.75 80.25 78.00 77.25 93.28 91.53 80.78 81.13
82.75 81.75 81.75 77.75 81.00 80.50 80.50 77.25 95.53 93.28 80.78 82.13
SOUTH- NORTH SOUTH E. TX WEST DESERT SJ
EAST DELTA DELTA OK TEXAS SW VALLEY AVG.
-1175 -1825 -1350 -1450
-825 -1000 -1100 -1100 -1650 -1150 -1138
-425 -650 -750 -875 -1275 -1050 -1600 -946
-275 -325 -325 -625 -925 -650 -1000 -589
-150 -125 -125 -500 -700 -450 -500 -364
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
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
36
Base 35-36
Staple
24 & Below
SAN JOAQUIN VALLEY
35
EAST TEXAS-OKLAHOMA WEST TEXAS
DESERT SOUTHWEST
34
33
Staple
37-42
25-26
27-29
33-34
MIKE DIFFERENCES - POINTS PER POUND
53 & Above
STRENGTH DIFFERENCES UNIFORMITY DIFFERENCES
Base 43-49
50-52
37
38
32
33
36
34
SOUTH DELTA
January 25, 2018
Page 12
12
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
-1900
27-29
33-34 -400
35.4 & Below
35 & Above 0
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
Extraneous Matter
36.5-37.4
37.5 & Above
-1350
-1100
-850
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
3
4
2 -1095
Other
-810
35.5-36.4
30-32 -900
January 25, 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
