December futures are holding a 5 point gain so far, though most of the cotton market is 6 to 25 points lower early on Tuesday. Cotton futures slipped lower as the new week unfolded, with Monday losses of as much as 55 points. The back month futures stayed firm as May ’24 ended 1 point in the red and July ’24 was 26 points in the black.Â
National cotton planting progressed by 10% points through the week ending 6/11 to 81% planted. The average pace is for 86%. NASS showed 11% was squaring, which is 3 ppts behind the average pace. NASS showed cotton conditions worsened nationally through the week, with the Brugler500 Index down 5 points to 341. The Carolinas were down the most for the week while OK and MS improved.Â
The Cotlook A Index was 70 cents lower to 94.15 cents on 6/9. The AWP for cotton is 69.38 cents. ICE Certified stocks were 15,579 bales as of 6/7. Â
Jul 23 Cotton  closed at 83.49, down 55 points, currently down 9 points
Dec 23 Cotton  closed at 81.32, down 50 points, currently up 2 points
Mar 24 Cotton  closed at 81.36, down 25 points, currently down 8 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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