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AFB Cotton Close: Mixed With Firming Contracts

AaronT
By AaronT January 18, 2013 18:01

Cotton

Cotton closed mixed with front end contracts continuing to firm. March is just 30 points or so away from the mid-October high. December continues to move sideways just above 79 cents and could challenge the September high just above 81 cents at some point. Potential 2013 U.S. plantings are expected to be sharply lower.

        
         
Spot Price, Grade 41 Staple 34: Memphis up 52 at 7505
Greenwood up 52 at 7505

 

New York Futures: March up 77 at 7855
May up 48 at 7867
July up 14 at 7900
Oct down 8 at 7899
Dec down 11 at 7918
This week’s LDP rate for cotton is 0 cents
The estimate for next week is 0 cents

 


AaronT
By AaronT January 18, 2013 18:01

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