Front month cotton futures closed 17 to 40 points higher. That took the May contract back to net UNCH for the week’s move. The May contract printed a 172 point range on the day from -101 to +71 points.
The Cotlook A Index retreated by 335 points back to 101.60 cents for 3/11. 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 95.23, up 17 points,
Jul 24 Cotton closed at 94.59, up 25 points,
Dec 24 Cotton closed at 83.67, up 40 points
Source: barchart.com