Cotton Field with Trees in Backgound
Midday cotton futures are trading 4 to 14 points in the red through midday. A weaker US dollar was initially supportive, as was the stronger stock market. Futures had gotten down to 77.68 cents at the day’s low, making for a 2 cent range for the December contract.
The Cotlook A index was 3 cents weaker to $93.75. USDA’s AWP for cotton is 73.76 cents/lb. ICE certified stocks from 10/20 were 880 bales.
Dec 22 Cotton is at 78.39, down 8 points,
Mar 23 Cotton is at 77.85, down 9 points,
May 23 Cotton is at 77.1, down 6 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.
