Cotton - kelly-sikkema-8A7qKkvm_ew-unsplash
Cotton futures are working on a turnaround Tuesday with triple digit gains through midday. March ’24 is up the most on a 3.2% gain to 80 cents flat. That still has the contract at a 126 point discount to the lead month March quote. New crop dec is at a 233 point discount to March.
The Cotlook A Index was 10 points lower on 12/12 to 98.8 cents. The Seam reported 2,865 bales were sold online for an average gross price of 84.75 cents on 12/09. The week’s AWP is 75.17 c/lb through Thursday.
Mar 23 Cotton is at 81.28, up 189 points,
May 23 Cotton is at 81.36, up 188 points,
Jul 23 Cotton is at 81.38, up 197 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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