Agfax Buzz:

    September 25, 2013

    AFB Cotton Close: Modest Gains, Well Off Highs

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment

    Cotton prices traded posted modest gains again today. While the market closed up it again closed well off of its daily high. Prices continue to search for fundamental support for the market. While a weak U.S. dollar and uncertainty around the U.S. crop remains supportive of cotton prices. Large global supplies and questions surrounding China’s cotton policies remain negatives for the market.

     

    Futures:
    High Low Last Change
    Oct ’13 83.73 +0.30
    Dec ’13 85.31 84.21 84.65 +0.27
    Mar ’14 85.01 83.97 84.42 +0.13
    May ’14 84.90 84.05 84.50 +0.11
    Jul ’14 84.50 83.95 84.37 +0.14
    Oct ’14 80.27 +0.15
    Dec ’14 79.50 79.50 79.64 +0.09
    Mar ’15 79.52 +0.09

    Memphis, TN Cotton and Tobacco Programs

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