Barchart: Monday’s Cotton Finished with Gains
Barchart: Monday’s Cotton Finished with Gains

Barchart: Monday’s Cotton Finished with Gains

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Futures were up by 29 to 91 points on the first trading day of the week. December saw a 154 point range through the day. 

The weekly Crop Progress report showed 64% of the national cotton crop was squaring as of 7/16. NASS showed 25% was setting bolls, up from 17% last week and 1% point under the 5-yr average. The weekly conditions were 312 on the Brugler500 Index, from 321 last week. 

The Seam reported 2,286 bales were sold on 7/14 for an average gross price of 73.48 cents. The Cotlook A Index was unchanged on July 14 at 91.9 cents/lb on 7/14. The AWP was lowered 56 points to 64.94 cents/lb. 

Oct 23 Cotton closed at 83.49, up 83 points,

Dec 23 Cotton closed at 82.13, up 91 points,

Mar 24 Cotton closed at 82.04, up 69 points

Source: barchart.com

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