Cotton Triple Digits in Red

Wednesday cotton trading pushed futures 140 to 186 points lower. For Dec futures that was the largest move since a 2.49 cent drop on 8/07. Row crop futures were also weaker, as were U.S. equities. The dollar index was stronger by 0.55%. USDA’s Spot Cotton Quotations report showed 3,045 bales sold at an average price of 65.42 cents/lb on 10/28. The week’s sales on The Seam were 5,031 bales at a wtd average price of 67.67 cents/lb through Tuesday. The Cotlook A index for the 27th was 95 points higher at 78.35 cents/lb. The AWP for cotton is 55.71 cents/lb, good through tomorrow.

Dec 20 Cotton closed at 70.17, down 186 points,

Mar 21 Cotton closed at 71.03, down 170 points

May 21 Cotton closed at 71.7, down 158 points

Jul 21 Cotton closed at 72.16, down 149 points

--- provided by Brugler Marketing & Management




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