Cotton Price Down Again on Tuesday

Alan Brugler Barchart Tue Apr 9, 4:38PM CDT
Rolls of Fabric from Cotton

May cotton continues to leak lower as traders exit ahead of Thursday’s USDA reports and Friday’s May options expiration.  December and the other new crop contracts also saw sell pressure.  US inflation data will be released on Wednesday, creating uncertainty about Fed strategy. 

NASS announced today that it is discontinuing the cotton objective yield surveys this fall due to budgetary issues. 

The Cotlook A Index was down another 65 points to 91.95 cents/lb on 4/8. The AWP weakened by another 140 points to 69.48 last Thursday and is in effect through this coming Thursday.

May 24 Cotton  closed at 86.04, down 61 points,

Jul 24 Cotton  closed at 87.84, down 55 points,

Dec 24 Cotton  closed at 81.36, down 118 points


On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.