Cotton - jordan-jensen-RTDb00SNeKA-unsplash
On Tuesday, cotton futures are trading back up by 3.7% to 4.5% with triple digit gains into midday. They had been limit down on Monday. Dec is sitting at the high for the day, and has a 369 point range to boot.
NOAA’s 7-day QPF shows +3” of precip accumulation in Northern LA and parts of E. TX. Most of the cotton belt can expect moisture in the coming week as NASS has harvest at 79% finished nationally.
The Cotlook A Index was $1.02 45/100 down by 160 points for 11/21. The updated AWP for the week 77.78 cents/lb, from is 76.74 cents/lb.
Dec 22 Cotton is at 83.04, up 188 points,
Mar 23 Cotton is at 82.83, up 305 points,
May 23 Cotton is at 82, up 285 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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