Agfax Buzz:

    April 2, 2012

    AFB Cotton Close: Futures Mostly Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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

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