Cotton Field
December cotton got to within 2 points of an expanded limit loss following yesterday’s limit drop. At the close futures needed more than the normal 4 cents but not the full 5 settling 407 to 499 points in the red.
The Seam reported 616 bales of cotton were sold online for an average gross price of 99 cents. The Cotlook A Index was 380 points firmer to 139.30 cents. USDA’s Adjusted World Price for cotton is 116.83 cents/lb through tomorrow.
Jul 22 Cotton closed at 94.69, down 499 points,
Dec 22 Cotton closed at 88.61, down 487 points,
Mar 23 Cotton closed at 84.68, down 469 points
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