Wide Ranged Monday Finished Mixed for Cotton
May cotton futures ended the first trade day of the week 22 points in the red. The contract had traded as weak as -73 points and as high as +225 points. The other active contracts were 24 to 42 points higher for the close. The May-July inverse tightened to 72 points on the day.
The Cotlook A Index jumped back 300 points higher to 104.95 cents/lb. The Seam reported 8,510 bales sold online on 3/7 with an average gross price of 87.17 cents. The AWP was 76.88 cents/lb. ICE certified stocks were 21,233 bales as of 3/8.
May 24 Cotton closed at 95.06, down 22 points,
Jul 24 Cotton closed at 94.34, up 42 points,
Dec 24 Cotton closed at 83.27, up 28 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.
