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AFB Cotton Close: Futures Mostly Lower

Ernst Undesser
By Ernst Undesser April 2, 2012 18:57

Cotton Comment
Cotton futures were mostly lower today. USDA estimates cotton planting at 13.2 million acres. The average trade estimate was 12.75 million, and the higher estimate caused weakness for the second trading day in a row.

        
         
Spot Price, Grade 41 Staple 34: Memphis down 40 at  8762
Greenwood down  40 at 8762

 

New York Futures: May down 40 at 9312
July down 35 at 9357
Oct up 1 at 9285
Dec down 25 at 9075
March ’12 down 17 at 9145

This week’s LDP rate for cotton is

0 cents
The estimate for next week is 0 cents

Ernst Undesser
By Ernst Undesser April 2, 2012 18:57

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