Cotton futures are rallying 27 to 86 points so far on Thursday. May was over 95 cents earlier in the AM. Old crop cotton faded back from the overnight push higher on Wednesday, but still closed triple digits higher. Futures are now at a 29 point loss for the week. The new crop market was up by 11 to 27 points for the close. Dec cotton is up a net 35 points for the week to date.
The Cotlook A Index fell by another 370 points on 3/4 to 102.25 cents. The Seam had 4,664 bales sold on 3/4 for an average gross price of 88.63 cents/lb. The AWP was 77.47 cents/lb on. ICE certified stocks were 1,636 bales as of 3/4.
May 24 Cotton closed at 95.28, up 104 points, currently up 102 5 points
Jul 24 Cotton closed at 93.99, up 92 points, currently up 27 points
Dec 24 Cotton closed at 83.3, up 11 points, currently up 45 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 Disclosure Policy here.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
