Triple Digit Rally for Cotton

Cotton closed with gains of at least 3 cents through July ’22. December was at the limited 4 cent gain earlier, but pulled during the afternoon. That was the first green day for cotton since the LOC high ($1.1648/lb – Dec) on 10/8. Dollar Index was lower again on Thursday after reaching a 1-year high earlier this week.  

Cotton sales on The Seam were reported at 4,892 bales for Wednesday at an average cash price of $1.015/lb. USDA’s Daily Spot Quotations report showed 6,662 bales were added to the program on 10/14. The 10/13 Cotlook A index fell back 340 points to 115.30. The new AWP for cotton is 1.07 cents stronger to 92.88 cents/lb.  

Dec 21 Cotton  closed at 107.1, up 324 points, 

Mar 22 Cotton  closed at 104.95, up 311 points, 

May 22 Cotton  closed at 103.97, up 302 points 

Market Commentary provided by:

Brugler Marketing & Management LLC
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