Weekly Cotton Market Review

MEMPHIS - Jun 15/07 - SNS -- The USDA released its latest review of cotton market conditions in the United States, reviewing conditions through the week ending 5 15.

Average spot cotton quotations were 131 points higher than the previous week, according to the USDA,
Agricultural Marketing Service’s Cotton Program. Quotations for the base quality of cotton (color 41, leaf 4,
staple 34, mike 35-36 and 43-49, strength 26.5-28.4, uniformity 81) in the seven designated markets
averaged 47.99 cents per pound for the week ended Thursday, June 14.  The weekly average was up from
46.68 cents reported last week but down from 48.48 cents reported the corresponding period a year ago.
Daily average quotations ranged from a low of 47.16 cents on Friday, June 8 to a high of 49.57 cents on
Thursday, June 14.   Spot transactions reported in the Daily Spot Cotton Quotations for the week ending
June 14 totaled 33,374 bales compared with 35,362 last week and 21,468 a year ago.  Total spot transactions
for the season were 1,593,967 bales compared to 1,817,874 bales the corresponding week a year ago. The
New York July futures settlement price ended the week at 54.00 cents, compared to 51.76 reported last
week.

Prices are in effect from June 15  through June 21, 2007
Adjusted World Price (AWP)      46.86     ELS Competitiveness Payment      0.00
Loan  Deficiency Payment (LDP)   5.14     Coarse Count Adjustment (CCA)    0.00

Source:   Farm Service Agency, FSA, USDA

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STAT News Service