Alan Brugler
Front month cotton prices closed off their highs but still 5 to 23 points in the black on Monday. March futures were 108 points over the Dec contract at the close, and closed with a 187 point carry to July.
The Seam reported 6,275 bales were sold online on 1/5 for an average gross price of 74.29. The Cotlook A Index was 91.40 on 1/2, UNCH from the day prior. The AWP was up by another 80 points to 64.96 cents/lb.
Mar 24 Cotton closed at 80.42, up 23 points,
May 24 Cotton closed at 81.49, up 14 points,
Jul 24 Cotton closed at 82.29, up 14 points
Source: barchart.com