Cotton News Feed

Subscribe to RSS headline updates from:
Powered by FeedBurner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Arkansas Farm Bureau Daily Commodity Report

Closing Cotton 3-12-2010

 

Spot Price, Grade 41 Staple 34:

Memphis up 170 at  75.97

 

Greenwood up  170 at 75.97

 

New York Futures:

May

up 

17 

at 

8047 

 

July

up 

174 

at 

8102 

 

Oct

up 

53 

at 

7691 

 

Dec

up 

49 

at 

7562 

 

March 2011

up 

35 

at 

7678 

This week's LDP rate for cotton is 

0 cents

 

The estimate for next week is 

0 cents

Cotton Comment
Cotton reversed yesterday's losses with old crop leading the upturn. In the March report released earlier this week, USDA made a smaller than expected downward adjustment in China's production estimate. USDA knocked 500,000 bales off their estimate, while China's estimate was lowered 3 million bales last week. USDA did increase domestic use 100,000 bales, dropping projected ending stocks at 3.2 million bales. New crop December closed at 75.62 cents. A test of resistance at 78.25 cents is a long term possibility.

 

 

DTN Cotton:

Opening | Closing 

USDA Cotton:

Daily | Weekly

NYBOT Cotton:

Futures | Options