From USDA | January 19, 2018
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.

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