Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University.

Historical Cotton Market Prices and MPCI
Price Elections
		NYCE Cotton December						NYCE Cotton October
			CRC					Dec 15-Jan 14	CRC	CRC
			Cotton						Cotton	Cotton		Sep			RMA
		Jan 15 to Feb 14	High	Low		Nov	%		High	Low		Avg.	%	RA	Cotton
		Plant	Price	Price	Harv.	Avg.	Price	Plant	Price	Price	Harv.	Change	Price	Volatile	Price	Long
	Year	Price	Factor	Factor	Price	Change	Change	Price	Factor	Factor	Price	Change	Change	Volatile	Elec.	Staple

1	2008	0.77	0.091	0.091				0.74	0.058	0.058				0.20	0.66	1.20
2	2007	0.59	0.046	0.046	0.62			0.58	0.065	0.065	0.61			0.16	0.52	1.18
3	2006	0.60	0.056	0.056	0.49	(0.11)	-18.3%	0.57	0.067	0.067	0.51	(0.06)	-10.5%	0.19	0.52	1.05
4	2005	0.50	0.052	0.052	0.50	0.00	0.0%	0.48	0.067	0.067	0.50	0.02	4.2%	0.21	0.52	0.95
5	2004	0.68	0.070	0.070	0.46	(0.22)	-32.4%	0.67	0.067	0.067	0.51	(0.16)	-23.9%	0.17	0.60	1.00
6	2003	0.59	0.060	0.060	0.73	0.14	23.7%	0.57	0.340	0.340	0.62	0.05	8.8%	0.14	0.52	0.80
7	2002	0.43	0.580	0.560	0.48	0.05	11.6%	0.42	0.424	0.424	0.42	0.00	0.0%		0.52	0.83
8	2001	0.61	0.580	0.560	0.34	(0.27)	-44.3%	0.64	0.237	0.246	0.36	(0.28)	-43.8%		0.62	1.00
9	2000	0.61	0.590	0.570	0.65	0.04	6.6%	0.55	0.239	0.246	0.63	0.08	14.5%		0.61	0.83
10	1999	0.62			0.50	(0.12)	-18.7%	0.64	0.700	0.680	0.51	(0.13)	-20.2%		0.65	1.00
11	1998	0.72			0.66	(0.06)	-8.6%	0.72			0.73	0.01	1.9%		0.70	1.00
12	1997	0.77			0.71	(0.06)	-7.5%	0.77			0.72	(0.05)	-5.9%		0.69	1.15
13	1996	0.78			0.72	(0.05)	-7.0%	0.79			0.74	(0.05)	-5.9%		0.67	n/a
14	1995	0.74			0.86	0.12	15.5%	0.77			0.89	0.12	15.1%		0.68	n/a
15	1994	0.69			0.74	0.04	6.5%	0.67			0.70	0.03	4.4%		0.59	n/a
16	1993	0.61