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AFB Cotton Close: Price Climb Continues

Ernst Undesser
By Ernst Undesser January 21, 2014

Cotton Comment

Cotton prices climbed to their highest level since last August. With tightening world supplies outside of China this market is working to buy more U.S. cotton acres. While gains of more than 1-cent were seen in the nearby contact, gains in the December contract were much less as prices were unable to break resistance at 80-cents.

        
         
Futures:
High Low Last Change
Mar ’14 88.43 86.35 88.13 1.33
May ’14 88.62 86.55 88.4 1.35
Jul ’14 88 85.8 87.91 1.55

Memphis, TN Cotton and Tobacco Programs

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Ernst Undesser
By Ernst Undesser January 21, 2014