Cotton - amber-martin-9pvTSsNV2T4-unsplash
Front month cotton futures are trading red through the first trade day of the week’s midday. March is down triple digits, while the other nearby old crop contracts are down 81 to 96 points. New crop cotton is also 92 to 98 points weaker.
The Cotlook A index from 2/21 was 150 points higher to 137.20 cents/lb. USDA’s FSA reduced the Adjusted World Price for cotton 298 points to 114.62 cents/lb.
Mar 22 Cotton closed at 120.78, down 221 points,
May 22 Cotton closed at 120.47, down 69 points,
Dec 22 Cotton closed at 102.1, down 69 points
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