Cotton #2 May '21 (CTK21)
Cotton #2 Futures Market News and Commentary
So far for Monday the cotton board is in the red with triple digit losses. March is leading the way lower with a 203 point pullback on the board. December cotton is down by 169 points and trading near the session’s low. Crude oil is lower, a bearish potential influence on synthetic fiber prices. Equity futures are lower ahead of the FOMC meeting on Tuesday and Wednesday.
The Cotlook A Index for 1/27 was 75 points stronger to $1.02 40/100/lb. The AWP for cotton was raised 262 points to 75.05 cents per pound.
Mar 23 Cotton is at 84.76, down 213 points,
May 23 Cotton is at 85.42, down 203 points,
Jul 23 Cotton is at 85.81, down 199 pointsOn the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
- Arabica Coffee Closes Higher on Supply Concerns
March arabica coffee (KCH23 ) on Monday closed up +0.50 (+0.29%), and Mar ICE robusta coffee (RMH23 ) closed down -16 (-0.78%). Coffee prices Monday settled...
- Sugar Prices Soar on Speculation of Limited Sugar Exports from India
March NY world sugar #11 (SBH23 ) on Monday closed up +0.25 (+1.19%), and March London white sugar #5 (SWH23 ) closed up +6.30 (+1.12%). Sugar prices Monday...
- Cocoa Prices Mixed as Ivory Coast Cocoa Supplies Remain Ample
March ICE NY cocoa (CCH23 ) on Monday closed down -16 (-0.61%), and March ICE London cocoa #7 (CAH23 ) closed up +3 (+0.15%). Cocoa prices Monday settled...
- Arabica Coffee Prices Supported by Supply Concerns
March arabica coffee (KCH23 ) this morning is up +0.60 (+0.35%), and Mar ICE robusta coffee (RMH23 ) is down -15 (-0.73%). Coffee prices this morning are...
- Triple Digit Drop in Cotton Market
So far for Monday the cotton board is in the red with triple digit losses. March is leading the way lower with a 203 point pullback on the board. December...
- Cotton Trading Red for New Week’s Start
Cotton futures are lower by 90 points to a penny so far for the new week. The front month cotton futures market went into the weekend with 34 to 61 point...