Cotton Dropping at Midday

Wednesday cotton trading has futures 25 to 39 points weaker at midday. The dollar index is higher. The national average spot cotton price from cmdtyView was 61.54 cents/lb on 9/22. That is 1.41 cents higher yr/yr, on a 4.37 cent/lb higher board price. Monday sales on The Seam were 2,266 bales at an average gross price of 54.53 cents/lb. USDA reported 1,275 bales were sold at spot on Tuesday, for an average price of 59.93 cents/lb. The Cotlook A index for Sept 22 was 70.70 c/lb, down by 25 points. The AWP for cotton is 50.88 cents/lb for the week; with an LDP at 1.12 cents.

Oct 20 Cotton is at 63.59, down 25 points,

Dec 20 Cotton is at 65.2, down 34 points

Mar 21 Cotton is at 66.11, down 36 points

May 21 Cotton is at 66.89, down 39 points

--- provided by Brugler Marketing & Management




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