The Farmer's Weblog

Sunday, January 12, 2003

Cotton Trading in the Desert Southwest Cotton Markets - USDA AMS
Spot cotton trading was moderate in the Desert Southwest (DSW). Supplies decreased moderately and remained at a moderate level. Demand remained steady. Mixed lots of color grades 21 and better, leaf 2 and better, staple 36 and longer, mike 35-49 traded at around 52.00 cents, uncompressed, FOB warehouse. Color grade 31, leaf 3, staple 34, mike 35-49 traded at around 51.00 cents, same terms as above. Growers pledged some of their cotton to the CCC loan. Agents for domestic mills purchased a light volume of cotton for prompt shipment. Agents for mills in Mexico purchased a moderate volume of cotton for January shipment. Ginning from modules continued, but was slower.
7:16:07 PM    comment []

This Page was last updated: 12/29/03; 3:38:09 PM
Copyright 2003 Russell Gum
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