Cotton Field with Drones
Cotton futures ended the turnaround Tuesday session with triple digit givebacks to flip the board net red for the week. May was down the most with a 194 point drop, after seeing the the lowest levels since Feb 24th.Â
The Dollar Index is sharply higher so far with a 1.27% gain to the highest mark since 1/6 and the second highest mark since 12/7.Â
The Cotlook A Index was 50 cents firmer on 3/6 to 98.9 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.Â
May 23 Cotton  closed at 82.77, down 194 points,
Jul 23 Cotton  closed at 83.58, down 186 points,
Dec 23 Cotton  closed at 83.53, down 161 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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