Cotton Recovers on Wednesday
Alan Brugler - Barchart - Wed Dec 23, 10:52PM UTC

After a weak Turnaround Tuesday, front month cotton recovered 100 to 132 points on Wednesday. On Monday, futures fell +200 points. USDA’s weekly Export Sales report showed 416,718 RBs of cotton booked on the week ending 12/17. That was down slightly from last week’s business, but up 67% yr/yr. China was the top purchaser on the week with 186k RBs booked. New crop sales came in at 67,144 RBs. Tuesday sales on The Seam were 3,545 bales for a gross average price of 66.11 cents/lb. USDA’s Spot Quotations report had 12,561 bales sold on Wednesday for 71.85 cents/lb. The Cotlook A index was 2 and a half cents weaker at 81.35 c/lb on 12/22. The AWP for @ 60.9 cents/lb through Thursday. 

Mar 21 Cotton closed at 76.14, up 132 points,
May 21 Cotton closed at 76.74, up 131 points
Jul 21 Cotton closed at 77.27, up 128 points
Dec 21 Cotton closed at 73.27, up 94 points

--- provided by Brugler Marketing & Management



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