Cotton Field
Turnaround Tuesday in the cotton market has futures back up by triple digits, led by a 1.5% increase for the thinly traded October contract. December’s OI was 26,641 contracts as of yesterday’s settle.
The Cotlook A Index was 40 points weaker for 1/30 to 102 cents. The AWP for cotton was raised 262 points to 75.05 cents per pound.
Mar 23 Cotton is at 86.27, up 119 points,
May 23 Cotton is at 86.95, up 121 points,
Jul 23 Cotton is at 87.48, up 129 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.
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