Cotton Plant with Multiple Pieces
Cotton prices tried both sides of UNCH on Tuesday, but ultimately the turnaround efforts failed and the board went home another 25 to 80 points lower. December cotton was down the most on the day, and at the low got to within 23 points of the 10/7 low – itself the lowest print for the contract since September of 2021.
The Seam had 1,045 bales sold on 10/13 for an average gross price of 94.26 cents/lb. The 10/14 Cotlook A index was 5 points weaker to 102.6 cents. USDA’s AWP for cotton is 77.45 cents/lb. ICE certified stocks from 10/14 were 880 bales.
Dec 22 Cotton closed at 82.29, down 80 points,
Mar 23 Cotton closed at 81.44, down 55 points,
May 23 Cotton closed at 80.58, down 55 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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