Cotton -marianne-krohn-RNqZbnBnMQk-unsplash
Cotton futures closed the midweek session with losses of 130 to 399. Outside pressure was a factor. The markets in general were in risk off mode, with stocks sharply lower. Crude oil was down $3.17, with the dollar up 528 points.
The 7-day QPF shows much of TX and the delta with rains expected over the next week.
The Cotlook A index was 550 points higher on 5/17 at 169.45. USDA’s updated AWP for cotton was 140.82 cents/lb on Thursday, down by 628 points from last week. It is in effect through Thursday.
Jul 22 Cotton closed at 144.47, down 399 points,
Dec 22 Cotton closed at 129.18, down 318 points,
Mar 23 Cotton closed at 124.11, down 268 points
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