Cotton #2 Futures Market News and Commentary
Cotton prices stayed in a 160 point trading range (Dec), and settled the session within 30 points of UNCH. December held on to a 1 point gain, as the back months weakened. Dec futures are at a net 227 point gain for the week after Monday’s bounce.
Daily classings data from USDA had 26,260 bales of upland cotton classed on 9/26.
USDA’s weekly Crop Progress report had 65% of bolls opening as of 9/24, and harvest advanced 4% points for the week to 13% finished. Conditions were reported at 30% G/E – that was up from 29% LW and converts to a 273 on the Brugler500 Index. That was up 2 points from last week.
The Seam reported 4,009 bales were sold online at an average gross price of 79.73 cents/lb. The Cotlook A Index was 45 points weaker to 96.95 cents/lb for 9/22. The AWP for cotton was 72.29 cents. ICE Certified Stocks were 29,701 bales on 9/22.
Dec 23 Cotton closed at 88.18, up 1 points,
Mar 24 Cotton closed at 88.56, down 20 points,
... Read more
- Mixed Close for Cotton on Tuesday
Cotton prices stayed in a 160 point trading range (Dec), and settled the session within 30 points of UNCH. December held on to a 1 point gain, as the back...
- Cocoa Prices Recover Early Losses as Supplies Tighten
Dec ICE NY cocoa (CCZ23 ) on Tuesday closed +4 (+0.11%), and Dec ICE London cocoa #7 (CAZ23 ) closed +22 (+0.74%). Cocoa prices Tuesday closed moderately...
- Sugar Prices Post Moderate Losses as Brazil Ramps Up Sugar Output
Oct NY world sugar #11 (SBV23 ) on Tuesday closed -0.29 (-1.10%), and Dec London white sugar #5 (SWZ23 ) closed -7.40 (-1.03%). Sugar prices Tuesday extended...
- Coffee Prices Settle Higher on Dry Conditions in Brazil
Dec arabica coffee (KCZ23 ) on Tuesday closed up +2.05 (+1.38%), and Nov ICE robusta coffee (RMX23 ) closed up +13 (+0.53%). Coffee prices Tuesday closed...
- Mixed Midday for Cotton Market
Front month cotton futures are trading within 30 points of UNCH. The thinly traded October contracts are up 238 points and 115 points for ’23 and for...
- Coffee Prices Push Higher on Dry Conditions in Brazil
Dec arabica coffee (KCZ23 ) this morning is up +1.60 (+1.08%), and Nov ICE robusta coffee (RMX23 ) is up +5 (+0.20%). Coffee prices this morning are moderately...