Cotton futures trading seemed more exciting on ICE last week than the week’s extremely tight 122 point trading range would imply. There was a lot of movement inside the narrow range with the Mar contract being unable to either breach the 60.00 level or score a new contract low.
Mar corn gave back 9 cents W/W to settle at 385½. The weekly settlement was within the lower one half of last week’s 21¼ cent trading range.
Jan soybeans gained 16½ cents W/W to settle at 1039. The weekly settlement was within the upper one quarter of the Jan contract’s 38¼ cent trading range.
The CME SRW Mar wheat contract lost 9¼ cents W/W to settle at 553½. Volume slowed while OI expanded W/W.
For this week…