Friday, May 16, 2014

AFB Cotton Close: First Week of Sharp Losses Since Feb.

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Cotton Comment

Cotton prices closed the week with sharp losses for the first time since February. Last Fridays USDA report showed lower exports and a sharp increase in 2014/15 stocks. With so much uncertainty surrounding demand for the 2014/15 crop look for cotton prices to have difficulty maintaining another run at the 85-cent level.



Futures:
High Low Last Change
Jul ’14 90.84 89.76 89.82 -0.54
Oct ’14 82.42 82.42 82.22 -0.17
Dec ’14 82.8 82.18 82.34 -0.28

Memphis, TN Cotton and Tobacco Programs

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