Cotton -marianne-krohn-RNqZbnBnMQk-unsplash
Cotton is starting the short week with triple digit losses. March is down by 400 points after reaching the day’s limit, with Dec just 2 points off the limit so far. Demand concerns are still at the forefront, with the dollar firmer in early Monday activity.
The Cotlook A Index was 135 points lower to 104.05 cents/lb on 11/18. USDA’s weekly Cotton Market Review showed 12,604 bales were sold at spot for the week with an 86.12 c/lb average price. The updated AWP for the week 77.78 cents/lb, from is 76.74 cents/lb.
Dec 22 Cotton is at 81.18, down 398 points,
Mar 23 Cotton is at 79.78, down 400 points,
May 23 Cotton is at 79.25, down 382 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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