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Cotton prices are trading with midday losses of 39 to 137 points. October futures are up by 589 points as the delivery process works on a no limit market. Preliminary OI was still just 14 contracts as of 9/29’s settle.
The Cotlook A Index was 107.10 on 9/29 after a 40 point boost. USDA’s FSA lowered the AWP for cotton by another 646 points to 82.42 cents. ICE certified stocks were up to 1,123 bales.
Dec 22 Cotton is at 83.74, down 142 points,
Mar 23 Cotton is at 82.02, down 71 points,
May 23 Cotton is at 80.68, down 65 points
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