Cotton - amber-martin-9pvTSsNV2T4-unsplash
Prices had tried for a Turnaround Tuesday overnight, but quickly changed course. By the close the front months were down by >1%. July gave back 97 points on the day after printing a -186 to +34 point daily range.Â
The weekly Crop Progress report had 45% of the national cotton crop planted as of 5/21. That was a 10% advance through the week and is 5% points behind the average pace.Â
The Seam reported 3,519 bales were sold online on 5/22 for an average gross price of 82.84 cents. The Cotlook A Index for 5/22 was 55 points lower at 96.95 cents/lb. The AWP for cotton was 68.10 cents/lb. Â
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Jul 23 Cotton  closed at 84.35, down 97 points,
Dec 23 Cotton  closed at 82.44, down 94 points,
Mar 24 Cotton  closed at 82.31, down 88 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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