Posted 7/10/2019 06:36 (#7606404 - in reply to #7606397) Subject: RE: Who has an abnormally good basis?
I don't know what all these terms mean. like squaring... I assume setting bolls like setting pods.
Cotton Down Triple Digits on Improving Conditions
by cmdtyNewswires - Tue Jul 9, 5:12PM CDT
Cotton futures were down 162 to 240 points on Tuesday. NASS showed 47% of the US cotton crop was squaring as of Sunday (54% avg), with 13% setting bolls (16% avg). In TX, the crop was 37% squared, with 1% setting bolls (13% avg). Condition ratings improved 2% to 54% gd/ex, with the Brugler500 index showing ratings up 4 points to 340. By state, TX saw a 7 point jump to 325, with VA (+9) and LA (+8) also seeing notable improvements. The Cotlook A index for July 8 was down 50 points from the previous day at 77.85 cents/lb. The USDA AWP is 59.32 cents/lb through Thursday. The Indian monsoon rain totals are still light, but showing some improvement. OCT 19 Cotton closed at 63.46, down 167 points DEC 19 Cotton closed at 63.24, down 240 points MAR 20 Cotton closed at 64.51, down 219 points --provided by Brugler Marketing & Management