Following the overnight cotton trade, futures are down by 65 to 85 points. The cotton market saw old crop drop by triple digits, as May is now back to a discount to Dec. The new crop futures were also red on Wednesday, though losses were limited to 71 points.Â
The Seam reported 5,463 bales of cotton were sold on 4/18 at an average gross price of 75.14 cents. The Cotlook A Index was another 25 points higher on 4/18 to 96.65 cents/lb. The AWP for cotton is 70.05 cents/lb. ICE certified stocks were 1,485 bales as of 4/14.Â
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May 23 Cotton   closed at 83.24, down 131 points,, currently down by 65 points
Jul 23 Cotton   closed at 83.65, down 118 points, currently down by 80 points
Dec 23 Cotton  closed at 83.50, down 71 points, currently down by 69 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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