Tuesday Strength for Cotton Futures

Alan Brugler Barchart Tue Mar 12, 5:37PM CDT
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Front month cotton futures closed 17 to 40 points higher. That took the May contract back to net UNCH for the week’s move. The May contract printed a 172 point range on the day from -101  to +71 points. 

The Cotlook A Index retreated by 335 points back to 101.60 cents for 3/11. The Seam reported 8,510 bales sold online on 3/7 with an average gross price of 87.17 cents. The AWP was 76.88 cents/lb. ICE certified stocks were 21,233 bales as of 3/8. 

 

May 24 Cotton  closed at 95.23, up 17 points,

Jul 24 Cotton  closed at 94.59, up 25 points,

Dec 24 Cotton  closed at 83.67, up 40 points


On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.