Closeup of Cotton Plant
Midday quotes on the ICE show cotton futures are up 98 to 153 points. That leaves the Dec contract at a 226 point recovery for the week’s net move.
The daily classings data had 18,751 bales classed in TX on 8/21.
The 8/22 Cotlook A Index remained at 94.10 cents/lb. USDA’s DSQ had 13,561 bales sold for the season. The AWP for cotton is 71.14 cents/lb, effective through Thursday. ICE certified stocks were 347 bales on 8/21.
Dec 23 Cotton is at 85.84, up 148 points,
Mar 24 Cotton is at 85.69, up 140 points,
May 24 Cotton is at 85.65, up 130 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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