Cotton In Red so far for Wednesday

Midweek cotton trading has the board 161 to 184 points lower on another triple digit move. New crop December contracts are also pulling back 92 points. The online cotton trading platform The Seam reported 10,002 bales sold on Feb 8 for an average gross price of 80.17 cents/lb. USDA’s Daily Spot Quotations reported 13,909 bales sold at spot on 02/09. The average cash price was 83 cents flat to maintain basis. The Cotlook A index recovered 160 points to 91.10 cents on Feb 9. The AWP for cotton is 66.38 cents/lb, and will be updated tomorrow.

Mar 21 Cotton is at 85.09, down 184 points,
May 21 Cotton is at 86.5, down 163 points
Jul 21 Cotton is at 87.28, down 161 points
Dec 21 Cotton is at 82.75, down 92 points

--- provided by Brugler Marketing & Management

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