Cotton Working for Neutral Weekly Move

Alan Brugler Barchart Fri Mar 15, 11:57AM CDT
Cotton Field

Cotton prices are up by 40 to 56 points at midday, which has the board working back towards neutral for the weekly move. 

Weekly Export Sales data had 85,845 RBs of cotton booked for the week that ended 3/7. That was up 65% for the week, but marked the 3rd consecutive sub-100k RBs week. Shipments were listed at 292,282 RBs for a running total of 5.97 million. Shipments at the same time last year were 5.95 million RBs. Commitments remain 2.3% behind last year’s pace compared to the WASDE forecasted 3.7% yr/yr export decline. 

The Cotlook A Index for 3/14 was 40 points weaker to 99.80 cents/lb. The updated AWP is 76.10 cents/lb, down by 68 points from last week. ICE certified stocks added another 1,100 bales to 27,765 as of 3/13. 

May 24 Cotton  is at 94.02, up 54 points,

Jul 24 Cotton  is at 93.83, up 57 points,

Dec 24 Cotton  is at 83.81, up 38 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.