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AFB Cotton Close: Prices Rise Modestly

Ernst Undesser
By Ernst Undesser July 9, 2013

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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Ernst Undesser
By Ernst Undesser July 9, 2013