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

Ernst Undesser
By Ernst Undesser May 16, 2014

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

Ernst Undesser
By Ernst Undesser May 16, 2014