Cotton #2 Mar '21 (CTH21)
Cotton #2 Futures Market News and Commentary
Midday cotton trading has prices firm on both sides of UNCH. July is the largest old crop change at minus 8 points to 82.76 cents. Nearby March is 5 points stronger to 81.20 cents/lb. May and October contracts are UNCH, and new crop Dec is down 27 points. Chinese cotton futures closed the 19th at 15,205 yuan/MT, or about $1.06/lb. USDA’s classing data as of Friday the 15th showed 338,578 upland cotton bales were classed on the week. MYTD all cotton classings hit 13.38m bales. USDA’s Daily Spot Quotations reported 12,073 bales sold on 1/19, for an average price of 77.01 cents. The Cotlook A index was firm at 87.10 on 1/19. The week’s AWP for cotton is 66.23 cents/lb.Mar 21 Cotton is at 81.2, up 5 points,May 21 Cotton is at 82.07, unchJul 21 Cotton is at 82.76, down 8 pointsDec 21 Cotton is at 77.42, down 27 points
--- provided by Brugler Marketing & Management
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