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AFB Cotton Close: Ended Mixed

AaronT
By AaronT April 20, 2012 14:24

Cotton

Cotton closed mixed as the market couldn’t extend yesterday’s gains even with positive outside market influence. Today, the outside markets just limited downside pressure. There isn’t enough evidence of improving world economics to give cotton a big boost. Huge world stocks will limit upside potential.

        
         
Spot Price, Grade 41 Staple 34: Memphis down 149 at  8454
Greenwood down  149 at 8454

 

New York Futures: May down 149 at 9004
July up 29 at 9101
Oct up 74 at 9100
Dec down 3 at 8828
March ’12 down 5 at 8912
This week’s LDP rate for cotton is 0 cents
The estimate for next week is 0 cents

 


AaronT
By AaronT April 20, 2012 14:24