Cotton fabric with texture
So far through Monday’s trade, the cotton futures market is off the earlier lows, but still down by 50 to 136 points. Preliminary OI in May was just 56 contracts as May enters deliveries with FND.
The Cotlook A index for 4/22 was 70 points weaker to 156.50 cents. USDA’s AWP for cotton was raised by a nickel to 136.20 cents. ICE certified stocks remained at 1,101 bales for 4/22.
May 22 Cotton is at 138.6, down 86 points,
Jul 22 Cotton is at 134.66, down 119 points,
Dec 22 Cotton is at 117.79, down 137 points
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