Cotton Lower at Midday

Cotton futures are down 13 to 25 points so far at midday. Tuesday’s Cotton Ginnings report from NASS showed a total of 2.009 million RB of cotton ginned in the Dec 1-14 timeframe. That was a 4 year low for those 2 weeks and brought the MY total to 11.579 million RB, the lowest number of ginned bales at this point in the season since 2015/16. The Cotlook A index was 5 points lower on December 21 to 83.85 cents/lb. The AWP for @ 60.9 cents/lb through Thursday. 

MAR 20 Cotton is at 74.63, down 13 points,
MAY 21 Cotton is at 75.34, down 14 points
JUL 21 Cotton is at 75.92, down 25 points

 

--- provided by Brugler Marketing & Management




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