Cotton is 20 to 40 points lower in early Friday futures action. The cotton market started trading at 8:00 AM NY time this morning, for a briefer session to end at 1:30 PM. On Wednesday, futures ended with cotton 31 to 72 points stronger. For the week, Dec shows a 122 point loss thus far.Â
The Seam reported 2,547 bales of cotton was sold on 11/22 for 84.71 average gross price. The Cotlook A Index was 4 cents weaker on 11/22 to 98.45 cents/lb. The updated AWP for the week 77.78 cents/lb, from is 76.74 cents/lb. ICE certified stocks were 7,351 bales on 11/21.Â
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Dec 22 Cotton  closed at 83.94, up 72 points, currently UNCH
Mar 23 Cotton  closed at 82.9, up 48 points, currently down 28 points
May 23 Cotton  closed at 82.2, up 43 points, currently down 36 pointsÂ
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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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