Cotton Closes in Red

Cotton futures were 39 to 77 points lower at the closing bell. July contracts were down the most with 1.3% losses to 57.57 cents/lb. Dec cotton closed the Thursday session 0.8% lower at 57.54 cents/lb. The online cotton trading platform The Seam reported 1,003 bales sold at an average gross price of 50.21 cents/lb. Last week’s total sales were 4,250 bales. The Cotlook A index was back up 50 points on May 27, to 66.15c/lb. FSA revised the weekly AWP 53 points lower to 47.48 cents/lb. The LDP for the week is 4.52 cents/lb.

Jul 20 Cotton closed at 57.57, down 77 points,

Oct 20 Cotton closed at 57.2, down 43 points

Dec 20 Cotton closed at 57.54, down 49 points

Mar 21 Cotton closed at 58.52, down 46 points

--- provided by Brugler Marketing & Management




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