Weekly Cotton Market Review

MEMPHIS - Apr 6/12 - SNS -- The USDA released its latest review of cotton market conditions in the United States, reviewing conditions through the week ending 3 6.

Spot cotton quotations averaged 96 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 27.0-28.9, uniformity 81.0-81.9) in the seven designated markets aver- aged 84.41 cents per
pound for the week ended Thursday, April 5, 2012.   The weekly average was down from 85.37 cents last week, and
196.88 cents reported the corresponding period a year ago.  Daily average quotations ranged from a high of 86.51
cents on Friday, March 30 to a low of 81.53 cents on Thursday April 5. Spot transactions reported in the Daily Spot
Cotton Quotations for the week ended April 5 totaled 6,699 bales.  This compares to 57,652 bales last week and
6,706 bales reported a year ago.   Total spot transactions for the season were 818,108 bales, compared to 578,897
bales the corresponding week a year ago.  The ICE May settlement prices ended the week at 88.54 cents, compared
to 93.54 cents last week.

Prices are in effect from April 6-12, 2012

Adjustment World Price (AWP)       80.71
ELS Competitiveness Payment         0.00
Loan Deficiency Payment (LDP)       0.00
Fine Count Adjustment 2010 Crop     0.09
Fine Count Adjustment 2011 Crop     0.14
Coarse Count Adjustment (CCA)       1.90


Source: Farm Service Agency, FSA, USDA

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STAT News Service