Weekly Cotton Market Review

<div><b><font face="arial">[Table] Weekly Cotton Market Review</font></b></div><div><font face="arial"><br></font></div><div><font face="arial">Spot quotations averaged 300 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 87.71 cents per pound for the week ending Thursday, September 23, 2021. The weekly average was down from 90.71 cents last week, but up from 59.82 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 85.77 cents Monday, September 20 to a high of 89.32 cents Thursday, September 23. Spot transactions reported in the Daily Spot Cotton Quotations for the week ended September 23 totaled 9,335 bales. This compares to 7,613 reported last week and 11,437 spot transactions reported the corresponding week a year ago. Total spot transactions for the season were 34,107 bales compared to 170,410 bales the corresponding week a year ago. The ICE December settlement price ended the week at 92.46 cents, compared to 92.51 cents last week.</font></div><div><font face="arial"><br></font></div><div><font face="arial"><img src="https://download.qtmarketcenter.com/jay/WeeklyCottonMKTReview-Sept24.JPG"></font></div><div><font face="arial"><br></font></div><div><font face="arial"><br></font></div><div><font face="arial">LJ<br></font></div><font face="arial"><br></font>