Cotton Field with Trees in Backgound
Current cotton quotes are trading with 40 point weakness so far. Cotton futures closed ~60 points off their intra day highs, but were still 49 to 91 points higher for the day on Monday.
The Cotlook A Index from 3/3 was 170 points weaker to 98.40 cents/lb. USDA’s weekly Cotton Market Review showed 31,860 bales were sold at spot this week for an average price of 82.41 cents. The AWP for cotton is now 72.73 cents/lb from 70.78 cents.
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May 23 Cotton closed at 84.71, up 54 points, currently down 42 points
Jul 23 Cotton closed at 85.44, up 65 points, currently down 43 points
Dec 23 Cotton closed at 85.14, up 88 points, currently down 49 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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