The Friday session ended the day down by 85 to 100 points across the front month cotton futures. March closed mostly mid-range on the 140 point ranged day. For the week, March cotton prices were down by 146 points. December was a 28 point discount at the settle.
USDA’s weekly Classings Report showed 98,017 bales were classed as upland cotton through the week for a season’s total of 13.426 million. Texas has classed 3.16 million, 2.6m were classed in GA, with AR, MS, and NC also each over 1 million bales.
USDA’s weekly Cotton Market Review showed 43,418 bales were sold at spot for the week, averaging 83.84 cents. The Seam had 9,982 bales sold on 02/02 for an average gross price of 83.93 cents. The 2/02 Cotlook A Index was 40 points lower to 100.95 cents. The new AWP for cotton is 75.24 cents, up by 19 points on the week.
Mar 23 Cotton closed at 85.43, down 96 points,
May 23 Cotton closed at 86.11, down 99 points,
Jul 23 Cotton closed at 86.72, down 100 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.
/Computer%20board%20micro%20chip%20green%20by%20blickpixel%20via%20Pixabay.jpg){kind=tracking}
/AI%20(artificial%20intelligence)/Hands%20of%20robot%20and%20human%20touching%20on%20big%20data%20network%20connection%20by%20PopTika%20via%20Shutterstock.jpg)