Cotton is trading near the overnight highs with double digit gains of as much as 60 points in early Wednesday action. Cotton futures had an inside day on Tuesday, with a higher low and lower high than Monday. They settled 49 to 91 points lower. December futures are now at a net 53 point gain for the week. The US dollar index futures erased Monday’s losses and those gains did not help cotton competitiveness in buyer currency terms.Â
The Cotlook A Index was 93.20 cents/lb on 10/23, down by 175 points. The AWP for cotton is 69.82 cents. The ICE certified stocks were 2,701 bales higher to 63,324.Â
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Dec 23 Cotton  closed at 82.93, down 80 points, currently up 63 points
Mar 24 Cotton  closed at 84.68, down 78 points, currently up 58 points
May 24 Cotton  closed at 85.57, down 91 points, currently up 56 points
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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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