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The cotton weakness continued through the midweek session, as futures ended the day another 35 to 65 points lower. The @USD fell again on Wednesday and is now 5,193 points (5 handles) below the 9/28 high of 114.745.
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 78.82, down 65 points
Mar 23 Cotton is at 77.38, down 56 points
May 23 Cotton is at 76.75, down 41 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.
