Midday cotton prices are stuck within 15 points of UNC. December is up by 15 points, with the deferred months also gaining 4 to 9 points. Midday March contracts are down by 4 points so far. December has had a wide 413 point range so far for Friday.Â
The weekly FAS data had 84,471 RBs of cotton sold for export during the week that ended 10/13. That was down 42% from the week prior and was down 79% yr/yr. Weekly shipments were 165,741 RBs, for an accumulated 2.369m RBs. That compares to 1.853m RBs shipped at this time last year.Â
The Cotlook A index was 4 cents weaker to 95.80 cents/lb for 10/20. The Seam reported 476 bales were sold online on 10/19 for an average gross price of 84.75 cents. USDA’s FSA lowered the AWP for cotton by 3.69 cents to 73.76 cents/lb. ICE certified stocks from 10/19 were 880 bales.Â
Dec 22 Cotton  is at 77.33, down 7 points,
Mar 23 Cotton  is at 77.21, down 5 points,
May 23 Cotton  is at 76.83, down 21 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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