Cotton Grass Flower
The cotton market is down by triple digits on 2.1% to 2.4% losses so far. Dec contracts are 15 points from their low at midday with a 2c loss, and have flipped back to net red for the week’s move.
The monthly NASS Cotton Systems report withheld the June consumption data due to confidentiality. Stocks had only declined by 4 RBs from May to 2,853 RBs.
The Cotlook A Index was steady at 94.9 cents/lb on July 31. The AWP is set at 69.74 cents/lb, effective through Thursday. ICE Certified Stocks were reported at 560 bales for 7/31.
Dec 23 Cotton is at 84.11, down 211 points,
Mar 24 Cotton is at 84.3, down 205 points,
May 24 Cotton is at 84.37, down 198 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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