DAILY COTTON PRICE UPDATE

23 FEBRUARY 2018

Daily Cash Offer
Prices subject to change without notice. Terms - cash 14 days from ginning. Not including GST.

Based Middling 3 leaf 1-1/8",3.8-4.5 mic (there is currently no discount for mic ranges 3.5-3.7 or 4.6-4.9 and this is guaranteed for any new business written) 227 kg per bale FOB Gin Yard.


2018 Crop 86.25 USC/LB
AUD $550
(Ginning prior to end of July 2018)
2019 Crop  83.45 USC/LB AUD $532

Australian Dollar Spot Rate 0.7831

Indicative Forwards for: All-In Rate

Month Points All-In Rate
Feb 2018 0 Spot
May 2018 0 0.7831
May 2019 +20 0.7851


ICE Futures

(US cents/pound)

Month Previous High Low Settle Change
Mar 2018 78.91 81.34 78.42 80.54 +1.63
May 2018 80.39 80.30 79.23 79.47 -0.92
July 2018
81.10 81.05 80.15 80.41 -0.69
Dec 2018 76.40 76.38 75.89 76.36 -0.04
Mar 2019 76.60 76.59 76.18 76.59 -0.01

This report has been prepared for dissemination to and use by Louis Dreyfus Company's management, staff and selected clients. While due care has been taken in compiling the material reproduced in the report, Louis Dreyfus Company does not assume any responsibility for the accuracy or reliability of the material. Any parties seeking to rely on the material should make their own independent inquiries