Cotton Field with Trees in Backgound
Despite sharp drops across most ag commodity futures on Wednesday, the cotton futures market printed 0.78% to 4.3% gains. July closed just 6 points off the session high, going home up by 356 points – and at levels not seen since February. December futures were only a single point under the day’s high after a 139 point gain.
The Seam reported 8,216 bales were sold on 5/16 for an average gross price of 71.68 cents. The Cotlook A Index for 5/16 was 170 points higher at 94.15 cents per pound. The AWP for cotton was raised 128 points to 67.97 cents, and will be updated tomorrow afternoon.
Jul 23 Cotton closed at 86.94, up 356 points,
Dec 23 Cotton closed at 83.89, up 139 points,
Mar 24 Cotton closed at 83.61, up 131 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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