March cotton ended Friday another penny weaker, which left the contract 408 points lower from Friday to Friday. The other front months were 19 to 50 points weaker on the day, with Dec Dec only dropping 261 points for the week. December ended with a 2 cent premium to the March contract.Â
USDA’s weekly Classings report showed 52,475 bales of upland cotton was classed this week for a season’s total of 13.57 million bales. Pima classings brought the total to 14.001 million.Â
USDA’s weekly Cotton Market Review showed 31,938 bales were sold this week at an 82.2c/lb average price. The total MY sales were marketed as 423.6k bales compared to 1.38 million last year. The Cotlook A index was firm 260 points lower to 98.25 cents/lb on 2/16. The updated AWP for cotton is now 74.05 cents, down by 36 points from last week. ICE certified stocks were 1,147 bales on 2/15.
Mar 23 Cotton  closed at 80.25, down 100 points,
May 23 Cotton  closed at 81.5, down 50 points,
Jul 23 Cotton  closed at 82.35, down 41 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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