Cotton - jeff-hutcheson-i-62dBYw_vM-unsplash
Cotton futures hit their limit a couple of times to the downside on Wednesday, with December ultimately closing there. The other front months ended the day with 302 to 347 point losses. Dec is now printing new lows for the year.
The Seam reported 315 bales were sold online on 10/18 for an average gross price of 84.75 cents. The Cotlook A index for 10/18 was UNCH at 100.95 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 78.29, down 400 points,
Mar 23 Cotton closed at 77.97, down 347 points,
May 23 Cotton closed at 77.43, down 315 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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