American Pima spot is $1.5275/lb (USDA 2-2-48); Southeast Asia landed is $1.88/lb. At $0.75/lb, the indicative spread to December Upland futures is 7¢ below its five-year average. PSF is $0.58/lb; WTI is $104.12/bbl.
Week 12 USDA sales (ending Oct. 22): 0.1K RB net sales and 3.3K RB exports. Commitments reached 206.4K RB (+49.0% YoY). Over 12 weeks, net new sales totaled 96.7K RB. Shipments were 39.0% versus 60.4% last year, with 125.8K RB outstanding.
American Pima spot stands at $1.73/lb; landed Southeast Asia is $1.88/lb. The current Pima/Upland spread is $0.93/lb, above the prior five-year average of $0.82/lb. PSF at $0.61/lb and WTI at $101.41/bbl keep cost competition in focus.
The USDA Week 10 report, ending Oct. 8, showed 10.0K RB in net sales and 10.4K RB in weekly exports. Total commitments reached 204.3K RB, up 61.0% year over year; 69.7K RB have shipped, with 134.6K RB outstanding.
American Pima pricing firmed during the week, with landed Southeast Asia at $1.88/lb and spot at $1.73/lb. The current Pima-to-Upland spread is 93 cents/lb. PSF at 58 cents/lb and WTI at $91.66/bbl keep the competitive backdrop cost-sensitive.
Supima’s Week 9 report showed new sales of 3.3K RB, with total commitments reaching 194.4K RB (+56.9% YoY). Weekly exports were 2.9K RB; shipped-to-date is 59.3K RB (30.5% of commitments), compared with 49.6% last year. Outstanding sales are 135.0K RB.