May cotton futures ended the first trade day of the week 22 points in the red. The contract had traded as weak as -73 points and as high as +225 points. The other active contracts were 24 to 42 points higher for the close. The May-July inverse tightened to 72 points on the day.
The Cotlook A Index jumped back 300 points higher to 104.95 cents/lb. The Seam reported 8,510 bales sold online on 3/7 with an average gross price of 87.17 cents. The AWP was 76.88 cents/lb. ICE certified stocks were 21,233 bales as of 3/8.
May 24 Cotton closed at 95.06, down 22 points,
Jul 24 Cotton closed at 94.34, up 42 points,
Dec 24 Cotton closed at 83.27, up 28 points
Source: barchart.com