DAILY COTTON PRICE UPDATE

18 OCTOBER  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.

2017 Crop                 POA
2018 Crop 0.7620 USC/LB AUD $487
2019 Crop  0.7300 USC/LB AUD $468

Australian Dollar Spot Rate 0.7844

Indicative Forwards for: All-In Rate

Month Points All-In Rate
Oct 2017 0 Spot
May 2018 -15 0.7829
May 2019 -38 0.7806


ICE Futures

(US cents/pound)

Month Previous High Low Settle Change
Dec 2017 67.53 68.60 67.45 67.77 +0.24
Mar 2018 67.32 68.17 67.26 67.48 +0.16
May 2018 68.16 68.91 68.20 68.32 +.016
July 2018 68.77 69.48 68.86 68.90 +0.13
Dec 2018 67.81 68.53 68.00 68.06 +0.25

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