Cotton - kelly-sikkema-8A7qKkvm_ew-unsplash
The Wednesday cotton trade pushed the market another triple digits higher on 163 to 210 point gains. That set March at a net 252 point gain for the week thus far. The US dollar index was weak for much of the session, aiding exports, but did rally late to result in an “outside day up”.
The Seam reported 4,732 bales of cash cotton were sold on 1/17 for an average gross price of 77.61 cents/lb.
The Cotlook A Index remained at 98.10 cents on 1/17. The AWP for cotton is 74.68 cents through Thursday. ICE Certified Stocks were 8,900 bales as of 1/13.
Mar 23 Cotton closed at 84.81, up 199 points,
May 23 Cotton closed at 85.18, up 210 points,
Jul 23 Cotton closed at 85.4, up 210 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. For more information please view the Barchart Disclosure Policy here.
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
