Cotton Lower at Close

Tuesday’s close left the board 45 to 62 points weaker for nearby cotton futures. New crop prices were down 19 to 29 points. The dollar is weaker so far for Turnaround Tuesday after a decent Monday rally. USDA’s Daily Spot Quotations report showed 6,535 bales were sold on Tuesday for an average price of 77.78 cents/lb. Most of the sales were in the E. TX – OK region. The Cotlook A index was down a penny on 1/25 back to 88.10 cents/lb. USDA’s AWP for cotton is 66.7 cents/lb through Thursday. ICE certified stocks were a net 262 bales higher to 73,722 bales.

Mar 21 Cotton closed at 81.71, down 62 points,
May 21 Cotton closed at 82.81, down 49 points
Jul 21 Cotton closed at 83.69, down 45 points
Dec 21 Cotton closed at 78.69, down 19 points

--- provided by Brugler Marketing & Management




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