Dec cotton futures on the ICE gave up another 58 points on the week, finishing at 64.64 despite a Dec – Mar spread that was persistently inverted. Cotton’s lack of upward momentum was likely partially due to strength in US currency and weakness in the grains.
For this week…
The Dec contract gave up 10 points on Fri, settling at 64.64 for a 58 point loss on the week. The settlement was near the mid-point of Fri’s tight trading range. Mar lost 4 points, settling at 64.50, the net effect leaving the Dec – Mar spread weakened at 14.
For Mon…
Dec cotton futures on the ICE gave up another 58 points on the week, finishing at 64.64 despite a Dec – Mar spread that was persistently inverted. Cotton’s lack of upward momentum was likely partially due to strength in US currency and weakness in the grains.
For next week…
