Texas-Oklahoma Producer Cotton Market Summary: 2000/2001

The size of the Texas-Oklahoma spot market analyzed by the Daily Price Estimation System (DPES) for the 2000/2001 marketing year decreased considerably from the previous year. The average price received by producers during the 2000/2001 marketing year was about 50.9 cents/lb. The 2000 crop was generally of good quality, but the averages for the first digit of the color grade and leaf grade detoriated as compared with the 1999 crop. The percentage of bales having level 1 and 2 bark, and level 1 and 2 other extraneous matter decreased in comparison to the 1999 crop. With the exception of the second digit of the color grade price discounts for the 2000 crop decreased for all quality attributes. The premiums for the first digit of the color grade and strength both decreased, while the premium for leaf increased and that of staple remained about the same