AFB Cotton Close: A Generally Lower Day
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|
|This week’s LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
For those who spend a lot of effort trying to understand the grain markets and sometimes feel overwhelmed by the complexity of it all, you may want to sit down