Nearby cotton prices were 8 to 60 points weaker on Monday. The July contract was 25 points off the low within an intrady range of 182 points. Dec ended the day at a 30 point discount to the July.Â
Crop Progress data from NASS showed cotton planting advanced 7% points through the week to 22% finished by 5/7. The 5-yr average is to e 23% planted. In Georgia, NASS marked 13% of fields planted compared to 22% on average.Â
The Seam reported 6,963 bales were sold at spot on 5/5 for an average gross price of 77.94 cents/lb. The 5/5 Cotlook A Index was 3 cents stronger to 94.20 cents per pound. The AWP for cotton was 16 points higher to 66.69 cents/lb.Â
Jul 23 Cotton  closed at 83.3, down 60 points, currently down 262 points
Dec 23 Cotton  closed at 83, down 24 points, currently down 230 points
Mar 24 Cotton  closed at 82.9, down 11 points, currently down 214 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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