Cotton Rallies for Triple Digits on Monday

Cotton prices were rose 109 to 196 points higher as futures closed near or at the highs on the day. Speaking of those highs, it was the 6th new LOC high for March of the last 9 sessions. New crop December also closed with triple digit gains, to 86.59 cents/lb. USDA’s Daily Spot Quotations report showed 3,605 bales sold on 2/22. The Cotlook A index was another 30 points higher to 95.40 cents for Feb 19. The week’s AWP for cotton is 73.13 cents/lb., in effect through Thursday. ICE certified stocks are still at 100,326 bales.

Mar 21 Cotton closed at 90.91, up 196 points,
May 21 Cotton closed at 92.41, up 193 points
Jul 21 Cotton closed at 93.08, up 187 points
Dec 21 Cotton closed at 86.59, up 109 points

--- provided by Brugler Marketing & Management

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