Agfax Buzz:

    July 9, 2013

    AFB Cotton Close: Prices Rise Modestly

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment

    Cotton price rose modestly, today as outside markets remain supportive of gains. Cotton continues to look for fresh fundamentals to trigger another rally in this market and knock it out of the sideways pattern it has been in since March. However, China continues to cast dark shadow on this market, as its policy decisions continue to drive the direction of this market.

    Futures:
    High Low Last Change
    Jul ’13 84.19 83.90 83.90 +0.07
    Oct ’13 86.84 86.27 86.68 +0.31
    Dec ’13 86.23 85.09 85.98 +0.65
    Mar ’14 85.12 83.99 85.02 +0.78
    May ’14 84.77 84.33 84.70 +0.72
    Jul ’14 84.46 84.02 84.44 +0.64
    Oct ’14 81.04 +0.43
    Dec ’14 79.47 79.13 79.51 +0.38

    Memphis, TN Cotton and Tobacco Programs

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