Cotton futures are down 65 to 87 points so far following the bounce yesterday. The Turnaround Tuesday session left some on the table as March ended 76 points below the intra-day high. Prices were still up by 190 to 224 points across the front months. The FOMC is meeting, with their Fed Funds rate adjustments to be announced this afternoon. The Dollar Index was 1.1% lower yesterday, and is currently down another 10 points Â
The Cotlook A Index was 10 points lower on 12/12 to 98.8 cents. The week’s AWP is 75.17 c/lb through Thursday. ICE Certified Stocks were 8,901 bales on 12/12.Â
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Mar 23 Cotton  closed at 81.63, up 224 points, currently down 87 points
May 23 Cotton  closed at 81.67, up 219 points, currently down 84 points
Jul 23 Cotton  closed at 81.57, up 216 points currently down 73 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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