Cotton Fades on Monday

Alan Brugler Barchart Mon Dec 4, 2023
Cotton Field

Cotton dropped on the first trade day of the week to close 63 to 74 points in the red. March futures were less than 10 points off their daily low at the settle. The Dollar Index was higher on Monday. 

The Cotlook A Index was 60 points stronger at 90.30 cents/lb for 12/1. USDA’s weekly Cotton Market Review showed 35,889 bales were sold with an average price of 75.04 cents/lb. The AWP was 105 points lower to 64.18 cents/lb. ICE decertified nearly 30k bales for a 58,324 certified stock as of 12/1. 

 

Mar 24 Cotton  closed at 78.68, down 74 points,

May 24 Cotton  closed at 79.42, down 70 points,

Jul 24 Cotton  closed at 80.08, down 69 points

 


On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.