Cotton continues to weaken into the Thursday session. Yesterday cotton futures continued through the midweek session, as futures ended the day another 35 to 65 points lower. The ($DXY) fell again on Wednesday and futures settled at the lowest reading since September 20. This morning, the DX is up by 492 points.Â
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. Merchants still have some time to build that up before December deliveries, but with low 2022 US production may be more interested in keeping what they have acquired.Â
Dec 22 Cotton  is at 78.82, down 65 points, currently down 50 points
Mar 23 Cotton  is at 77.38, down 56 points, currently down 57 points
May 23 Cotton  is at 76.75, down 41 points, currently down 39 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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