Agfax Buzz:

    May 15, 2013

    AFB Cotton Close: A Generally Lower Day

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    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

     

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