Cotton prices are another 17 to 27 points higher early on Wednesday. Cotton futures stayed within Monday’s range on Tuesday but were up by 56 to 65 points close-to-close. March contracts remain at a discount to the Dec, which widened by 2 points on Tuesday to 7 points.
The daily classings data had 18,751 bales classed in TX on 8/21.
USDA’s DSQ had 13,561 bales sold for the season. The Cotlook A Index remained at 94.10 cents/lb on 8/21. The AWP for cotton is 71.14 cents/lb, effective through Thursday. ICE certified stocks were 347 bales on 8/21.
Dec 23 Cotton closed at 84.36, up 65 points, currently up 24 points
Mar 24 Cotton closed at 84.29, up 63 points, currently up 23 points
May 24 Cotton closed at 84.35, up 60 points, currently up 21 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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