Weekly Cotton Market Review

MEMPHIS - Oct 12/07 - SNS -- The USDA released its latest review of cotton market conditions in the United States, reviewing conditions through the week ending 9 12.

Average spot cotton quotations were 55 points lower 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 58.02 cents per pound for the week ending Thursday, October 11.  The weekly average was
down from 58.57 cents reported last week and 44.67 cents reported the corresponding period a year ago.
Daily average quotations ranged from a low of 57.31 cents on Monday, October 8 to a high of 58.69 cents
on Wednesday, October 10.  Spot transactions reported in the Daily Spot Cotton Quotations for the week
ending October 4 totaled 12,474 bales compared with 10,180 bales last week and 7,314 a year ago.  Total
spot transactions for the season were 237,116 bales compared to 160,786 bales the corresponding week a
year ago.  The New York December futures settlement price ended the week at 63.73 cents compared to
63.49 cents reported last week.


	Prices are in effect from October 12-18, 2007	

Adjusted World Price (AWP)    53.52        Loan Deficiency Payment (LDP)    0.00
ELS Competitiveness Payment   3.89         Coarse Count Adjustment  (CCA)   0.00

Source:  Farm Service Agency, FSA, USDA

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STAT News Service