Cotton Summary: February 12, 2018
Cotton eked out a small gain in yet another two-sided session that saw cotton loosely moving in sync with the Dow lacking any specific cotton news to trade on. Spreading was not quite as dominant representing 84% of today’s volume versus 87% yesterday and 91% Wednesday. For the week, March closed lower for the third consecutive week as prices have been trending lower since the market rolled over back on January 23rd. The Dow traded from 24,382 to 23,360 before settling firm and up 1.4%. It has been a tough couple of weeks for the equity markets falling at one point today as much 12% from the record highs before
bouncing into the close.