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|
By Emily Unglesbee DTN Staff Reporter USDA boosted corn acres above pre-report expectations to 94.15 million acres, up 7% from last year. Soybean acres also rose to 83.69 million acres,