Cotton - jordan-jensen-RTDb00SNeKA-unsplash
Cotton is trading 37 to 53 points in the black through midday of the week’s first trading day. December is working within a relatively tighter 168 point range so far. A stronger stock market performance is behind ideas of a least stable demand for yarn.
The Cotlook A index for 10/13 was 4 cents weaker to $1.02 65/100. USDA’s weekly Cotton Market Review showed 1,764 bales were sold during the week, at an average 87.06 cents/lb. USDA’s AWP for cotton is 77.45 cents/lb. ICE certified stocks were at 880 bales on 10/13.
Dec 22 Cotton is at 83.71, up 56 points,
Mar 23 Cotton is at 82.56, up 57 points,
May 23 Cotton is at 81.52, up 44 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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