Alan Brugler – Barchart
Wed Aug 17,
Cotton futures were lower on Wednesday, pulling back from early week gains. Contracts were down 251 to 429 points.
The 7-day QPF shows precip totals of 1 to 4 inches for much of the southern half of the US over the next week.
The Cotlook A Index (old crop) was 500 points higher at 131.75 cents on 8/16. USDA’s AWP for cotton is 88.15 cents/lb. That will be updated, presumably sharply higher, this Thursday. Oct 22 Cotton closed at 118.32, down 393 points, Dec 22 Cotton closed at 113.54, down 331 points,
Mar 23 Cotton closed at 110.27, down 308 points. (Source: barchart.com)