Weekly Cotton Market Review

Daily average quotations ranged from a low of 79.46 cents Friday, February 17 to a high of 80.12 cents Thursday, February 23.

Weekly Cotton Market Review

Spot quotations averaged 247 points lower 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, and uniformity 81.0-81.9) in the seven designated markets averaged 79.73 cents per pound for the week ending Thursday, February 23, 2023. The weekly average was down from 82.20 cents last week, and from 118.32 cents reported the corresponding period a year ago. 

Daily average quotations ranged from a low of 79.46 cents Friday, February 17 to a high of 80.12 cents Thursday, February 23. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended February 23 totaled 12,506 bales. This compares to 31,938 bales reported last week and 34,584 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 436,152 bales compared to 1,416,826 bales the corresponding week a year ago. The ICE May settlement price ended the week at 82.16 cents, compared to 82.00 cents last week.