Cotton #2 Futures Market News and Commentary
Wednesday cotton trading came to a close with the board 42 to 44 points in the black. December futures put up a 3rd consecutive green candle (close above open). Futures were higher earlier in the session, with December’s intraday high @ 90.60.
The Daily Spot Quotations report showed 2,213 bales were sold at spot on 8/4. The Cotlook A for 8/3 was back up by 25 points to 98.15 cents/lb. The AWP for cotton is 78.47 cents/lb and will be updated after the close Thursday.
Dec 21 Cotton closed at 90.31, up 44 points,
Mar 22 Cotton closed at 90.01, up 43 points,
May 22 Cotton closed at 89.44, up 42 points