Agfax Buzz:

    June 11, 2012

    AFB Cotton Close: Mostly Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was mostly lower, the exception being nearby July. Upside potential will be limited by big world stocks. Unless there are some big surprises in the report it will be difficult for December to move to the 38 percent retrace meant near 77 cents.

     

    Spot Price, Grade 41 Staple 34: Memphis up 219 at  7109
      Greenwood up  219 at 7109

     

    New York Futures: July up 219 at 7509
      Oct up 3 at 6875
      Dec down 59 at 6929
      March down 71 at 7101
      May down 66 at 7194

    This week’s LDP rate for cotton is

    0¢ cents
      The estimate for next week is 0¢ cents

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