Agfax Buzz:

    January 18, 2013

    AFB Cotton Close: Mixed With Firming Contracts

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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

     

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