Alan Brugler - Barchart
Tue Dec 6,
Cotton prices extended their gains through Tuesday, adding 45 to 107 points to the upside. March pulled back from the high of the day, which had the contract at a 253 point gain.
Census released their official October export data with 546,737 bales of cotton shipped. That was down 22% from September, but was up 20% from October 2021. YTD shipments are at 2.481m bales through the first 3 months.
The online cotton trading platform, The Seam, had 5,574 bales sold on 12/5 for an average price of 81.62 cents. The Cotlook A Index for 12/2 was 20 points higher to 103.1 cents per pound. The AWP for the week is 73.03 cents/lb, through Thursday.