ELS Cotton Competitive Payment Rate Is Zero

    The Department of Agriculture’s Commodity Credit Corporation announced that the competitiveness payment program payment rate in effect from 12:01 a.m., Eastern Time, Friday, June 17, 2016, through midnight, Eastern Time, Thursday, July 14, 2016, is zero. The next ELS payment rate announcement will be on July 14, 2016, at 4 p.m., Eastern Time.

    ELS competitiveness payments are provided whenever, for 4 consecutive weeks, the lowest Friday through Thursday average adjusted price quotation for foreign growths (LFQ) is less than the Friday through Thursday average price quotation for U.S. Pima cotton, CFR Far East (USPFE); and the adjusted LFQ is less than 134 percent of the current crop year loan level for ELS cotton grade 2, staple 46, micronaire 3.5 or higher, strength 37.5 grams per tex and above (81.35 cents per pound).

    Future payments will be established if price conditions warrant.

    Relevant data for the ELS competitiveness program follow:

    Fri/Thurs    LFQ as %                           USPFE
    Period          of ELS     USPFE    LFQ    Less    Payment    Dates
    Ending     Loan Rate    Price     Price    LFQ      Rate       Applicable
    ………. cents/lb ………..
    05/26/16    159.53    144.00    146.04    -2.04    0.00    (05/27-06/02)
    06/02/16    159.53    144.00    146.04    -2.04    0.00    (06/03-06/09)
    06/09/16    159.53    144.40    146.04    -1.64    0.00    (06/10-06/16)
    06/16/16    160.27    146.60    146.64    -0.04    0.00    (06/17-07/14)

    The adjusted LFQ = LFQ adjusted for the transportation cost between the United States and the Far East.

    To obtain an ELS agreement or to inquire regarding operational issues, please contact Richard Mashek, Kansas City Commodity Office at (816) 823-1134 or by e-mail

    The Latest

    Send press releases to

    View All Events

    [ecs-list-events limit="5" key="start date" order="asc"]
    Send press releases to

    View All Events