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AFB Cotton Close: A Generally Lower Day

AaronT
By AaronT May 15, 2013

Cotton

Cotton was generally lower today, but the market is basically moving sideways. Increased planting activity still leaves the crop behind normal. Increasing world stocks and large holdings by China will likely be a limiting factor for the time being.

 
Spot Price, Grade 41 Staple 34: Memphis down 47 at  8345
Greenwood down  47 at 8345

 

New York Futures: July down 47 at 8645
Oct down 56 at 8586
Dec down 67 at 8549
March down 71 at 8540
May down 59 at 8539
This week’s LDP rate for cotton is 0 cents
The estimate for next week is 0 cents

 


AaronT
By AaronT May 15, 2013