Cotton Closes in Red

Cotton futures closed the session with losses of 81 to 86 points. New crop December is down 44 points to 78.25 cents. The dollar is back higher after Turnaround Tuesday. The online cotton trading platform, The Seam, reported 10,172 bales sold this week through Tuesday, with prices weaker than last week. USDA’s Daily Spot Quotations report showed 7,024 bales were sold on Wednesday for an average price of 76.91 cents/lb. The Cotlook A index was back up by 75 points to 88.85 cents/lb. USDA’s AWP for cotton is 66.7 cents/lb and will be updated after the close. ICE certified 3,075 new bales for a 77,059 bale stockpile as of 1/26.

Mar 21 Cotton closed at 80.84, down 86 points,
May 21 Cotton closed at 81.99, down 81 points
Jul 21 Cotton closed at 82.86, down 83 points
Dec 21 Cotton closed at 78.08, down 61 points

--- provided by Brugler Marketing & Management




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