Agfax Buzz:

    April 20, 2012

    AFB Cotton Close: Ended Mixed

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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

     

    One Response to AFB Cotton Close: Ended Mixed

    1. Akshat Chudgar says:

      cotton news of world

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