No Fade for Cotton

Cotton prices closed the Tuesday session at the highs with triple digit gains, despite an afternoon fade for most other ag commodities. Old crop prices ended 220 to 221 points in the black, while new crop futures were up 166 to 242 points. The new crop Dec to March inverse widened to 95 points.

Monday sales on The Seam were 1,498 bales for an average gross price of 89.1 c/lb. That is a sharp 10.24 cents higher than Friday’s average gross price. USDA’s 4/27 Daily Spot Quotations report showed 6,195 bales were sold at spot; basis was UNCH at 418 points under May. The Cotlook A index was back up by 275 points to 94.70 cents/lb for 4/26. The AWP for cotton is 70.49 cents/lb through Thursday.  

May 21 Cotton  closed at 90.07, up 221 points,

Jul 21 Cotton  closed at 91.42, up 220 points,

Dec 21 Cotton  closed at 87.2, up 225 points




Market Commentary provided by:

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