Cotton

Cotton futures saw sharp losses of 34 to 115 points on Tuesday, on a little bit of profit taking. This morning’s USDA Cotton Ginnings report showed 17.43 million RB had been ginned as of January 15. That was a 1.277 million RB jump since Jan 1, and is 17% larger than this time last year. Online cash sales on the Seam totaled 19,538 bales on Monday, with prices down 36 points, averaging 72.32 cents/lb. The Cotlook A Index for January 22 was up 75 points from the previous day at 94.10 cents/lb.

Mar 18 Cotton closed at 82.260, down 115 points,

May 18 Cotton closed at 82.740, down 104 points

Jul 18 Cotton closed at 83.190, down 100 points




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