Cotton Lower on Tuesday
Alan Brugler - Barchart - Wed Sep 30, 9:25PM UTC

Tuesday cotton trading left front month futures 26 to 40 points lower. There were 20 deliveries against October futures yesterday. The settlement price was listed at 64.66 cents/lb. Open interest in October cotton futures was just 70 contracts as of Monday, they expire a week from tomorrow. The national average cotton cash price from cmdtyView is 61.69 cents/lb for 9/28. USDA’s Daily Spot Quotations report noted 711 bales sold on 9/29 for an average price of 59.68 cents/lb. Monday sales on The Seam were 1,355 bales for an average price of 53.34 cents/lb. The Cotlook A index was 71.35 c/lb on Sept 28, that was another 60 points higher. ICE certified cotton stocks were 14,518 bales on 9/28. The AWP for cotton is 50.45 cents/lb, the week’s LDP is 1.55 cents.

Oct 20 Cotton closed at 64, down 40 points,

Dec 20 Cotton closed at 65.29, down 40 points

Mar 21 Cotton closed at 66.03, down 35 points

May 21 Cotton closed at 66.8, down 29 points

--- provided by Brugler Marketing & Management




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