Cotton prices come out of the weekend with triple digit losses so far into the new week. Cotton added 116 to 182 points to the upside on Friday. That left the board under the pre-report high from Tuesday, but ended as a weekly gain of 253 points. The steep Thursday/Friday sell off in the dollar helped cotton by making US offerings a little cheaper in terms of third party currencies.Â
USDA’s weekly Cotton Market Review had 6,574 bales sold for an average price of 86.56 cents. The Cotlook A Index was up by 95 points to 103.55 cents/lb. USDA set the week’s Adjusted World Price for cotton at 76.74 cents, an 11.28 cent increase. ICE certified stocks were 880 bales on 11/9.Â
Â
Dec 22 Cotton  closed at 88.2, up 182 points, currently down 188 points
Mar 23 Cotton  closed at 86.33, up 177 points, currently down 180 points
May 23 Cotton  closed at 85.56, up 159 points currently down 211 points
Â
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.
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
