Cotton is up their allotted 4 cent limit in December and in March contracts. The other front months are 91 to 359 points higher at midday.Â
China maintained their WTO mandated minimum 894k tonnes cotton TRQ for 2023. Â
The 10/7 Cotlook A index was 40 cents weaker to 101.30 cents/lb. The weekly Cotton Market Review from USDA showed the average spot price was 85.59 cents for the 2,964 bales sold during the week that ended 10/6 – that set the season to date total as 29,230 bales, down from 55k bales last year. USDA’s updated AWP for cotton is 77.19 cents/lb, down from 82.42 cents. ICE certified stocks were at 2,109 bales.Â
Mar 23 Cotton  is at 86.65, up 399 points,
May 23 Cotton  is at 85.45, up 394 points,
Jul 23 Cotton  is at 83.61, up 367 points
On 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.
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