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US cotton market

US cotton market

Write: Manuel [2011-05-20]
The weekly of US Agricultural Ministry shows that during Jan.5-11,2007, the average price for a week declined by 109 points. Until Jan.4, the average price of cotton with general quality is 49.67cents/pound, lower than last week. The highest price in Jan.8 keeps at 50.06cents while the lowest one 49.31 cents.
Until Jan.11,instead of 21980 bulks of cotton , the bargained cotton reached 47.719bulks.
The statistic from US Agricultural Ministry shows that the average world price will be kept at 44.25cents during Jan.12-18, 2007. The payment rate of land cotton is 7.75cents while the one of ELS is 1.39cents.
34 cotton: chroma41, scraps 4, fiber 34
Date The price of future cotton Market price
March.07 May.07 June.07 Oct.07 Dec.07 Average price
01.05 54.42 55.11 56.10 57.90 59.00 49.98
01.08 54.53 55.38 56.35 58.05 59.13 50.06
01.09 54.10 54.97 55.74 57.60 58.59 49.57
01.10 53.93 54.75 55.40 57.55 58.55 49.31
01.11 54.04 54.78 55.50 57.45 58.45 49.42