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AFB Cotton Close: Ends Just Over 82 Cent Floor

Ernst Undesser
By Ernst Undesser September 5, 2013

Cotton Comment

Cotton prices closed lower today, as December cotton managed to stay just above the 82-cent price floor that has been established over the last few weeks. While U.S. cotton crop conditions remain bullish for prices, the weight of the global supply and demand situation continues to overshadow U.S. fundamentals.

        
         
Futures:
High Low Last Change
Oct ’13 82.85 82.30 82.40 -0.43
Dec ’13 82.95 82.11 82.30 -0.45
Mar ’14 82.31 81.76 81.89 -0.43
May ’14 82.24 81.83 81.98 -0.39
Jul ’14 82.26 81.88 82.05 -0.33
Oct ’14 77.70 -0.17
Dec ’14 77.25 77.25 77.30 -0.13
Mar ’15 77.13 -0.13

Memphis, TN Cotton and Tobacco Programs

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Ernst Undesser
By Ernst Undesser September 5, 2013