
The cotton board is down by 33 to 122 points so far for midday. Futures faded a net 219 points in Dec for the week. New crop Dec is down by 57 points for a Dec-Dec spread of now 741 points.
China upped their October cotton imports by more than double last year with 130k MT brought in. Their YTD cotton imports are still trailing 2021 by 17% at 1.59 MMT.
The Cotlook A Index was back down by 35 points to 105.40 cents/l on 11/17. The online cotton trading platform, The Seam, had 3,746 bales sold at spot for an average gross price of 84.34 cents/lb on 11/15. The updated AWP for the week 77.78 cents/lb, from is 76.74 cents/lb.
Dec 22 Cotton is at 85.82, down 122 points,
Mar 23 Cotton is at 84.2, down 108 points,
May 23 Cotton is at 83.3, down 109 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.