Triple Digit Rebound from Cotton
Cotton prices ended the day with 1.3% to 1.8% gains led by the thinly traded October contract. For March that was a 112 point gain on a Turnaround Tuesday. The FOMC will announce their interest rate decision tomorrow afternoon, with most analysts expecting between a 25 – 50 basis point increase
The Cotlook A Index was 40 points weaker for 1/30 to 102 cents. The AWP for cotton is 75.05 cents per pound.
Mar 23 Cotton closed at 86.22, up 112 points,
May 23 Cotton closed at 86.95, up 121 points,
Jul 23 Cotton closed at 87.46, up 127 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.
