Cotton Fabric and Textiles on Spools
Tuesday’s cotton traded back up by triple digits with the March contract posting a 2.8% gain. The March contract did finish 136 points off its day’s high. The other front months went home 209 to 227 points higher on Tuesday.
The December cotton export was confirmed at 675,431 bales according to official Census data. That was a 22% drop from November’s export and was 11% lighter yr/yr. The full season data reached 3.917m bales through December.
The Cotlook A Index was a penny weaker at 100.70 cents for 2/06. The AWP for cotton is 75.24 cents for the week.
Mar 23 Cotton closed at 85.63, up 236 points,
May 23 Cotton closed at 86.38, up 227 points,
Jul 23 Cotton closed at 87.06, up 221 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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