DAILY COTTON PRICE UPDATE

13 DECEMBER  2017

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 81.35 USC/LB
AUD $539
(Ginning prior to end of July 2018)
2019 Crop  78.34 USC/LB AUD $519

Australian Dollar Spot Rate 0.7554

Indicative Forwards for: All-In Rate

Month Points All-In Rate
Dec 2017 0 Spot
May 2018 -2 0.7552
May 2019 -0 0.7554


ICE Futures

(US cents/pound)

Month Previous High Low Settle Change
Mar 2018 73.00 74.19 72.76 72.91 -0.09
May 2018 73.58 74.74 73.36 73.50 -0.08
July 2018
73.89 74.96 73.69 73.87 -0.02
Dec 2018 71.93 72.27 71.51 71.56 -0.37
Mar 2019 71.78 71.80 71.50 71.48 -0.30

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