AM Weakness for Cotton Futures

Alan Brugler Barchart Wed Mar 13, 7:51AM CDT
Cotton -marianne-krohn-RNqZbnBnMQk-unsplash

Cotton is down 20 points in early Wednesday trading, though prices were up by a penny overnight. Front month cotton contracts closed 17 to 40 points higher on Tuesday. 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 down 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 is 76.88 cents/lb, in effect through Thursday. ICE certified stocks were 21,233 bales as of 3/8. 

 

May 24 Cotton  closed at 95.23, up 17 points, currently down 24 points

Jul 24 Cotton  closed at 94.59, up 25 points, currently down 20 points

Dec 24 Cotton  closed at 83.67, up 40 points, currently down 24 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.