Cotton Off Highs, Still Higher on Monday

Alan Brugler Barchart Mon Mar 18, 5:23PM CDT
Cotton Field

The May cotton futures were 163 points off their 226 point gain for the close, though the nearby contracts were still 1 to 67 points higher at the close. 

The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly Cotton Market Review showed 11,320 bales were sold at an average price of 89.25 cents/lb. The updated AWP is 76.10 cents/lb for the week through Thursday. ICE certified stocks added another 1,100 bales to 27,765 as of 3/13. 

 

May 24 Cotton  closed at 94.57, up 63 points,

Jul 24 Cotton  closed at 94.26, up 67 points,

Dec 24 Cotton  closed at 83.81, up 13 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.