Cotton Pulls Back on Friday

Through midday, cotton futures are pulling back from the triple digit Thursday gains. July is down 180 points so far, after filling the expiration gap. New crop prices are down 66 to 85 points at midday. The Dollar Index is sharply lower through midday on Friday, down by 72 points to 90.231. 

USDA’s Daily Spot Quotations report for 5/6 showed 918 bales were sold at spot, bringing the season’s total to 1.351 million. The Cotlook A index from May 6th was unchanged at 92.30 cents/lb. The AWP for cotton was lowered by 2.32 cents to 71.39 cents/lb. 

Jul 21 Cotton  is at 88.8, down 178 points,

Dec 21 Cotton  is at 85.88, down 84 points,

Mar 22 Cotton  is at 84.97, down 85 points

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