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AFB Cotton Close: Modest Gains, Well Off Highs

Ernst Undesser
By Ernst Undesser September 25, 2013

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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Ernst Undesser
By Ernst Undesser September 25, 2013