ROSE ON COTTON – ICE COTTON STYMIED AHEAD OF WASDE AS INDEX FUNDS ROLL
Apr 10, 2023
The May contract gained 42 points on the abbreviated week, finishing at 83.20, with the May – July spread contracting slightly to (27). Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be correct. May has started WASDE week little changed Vs Friday’s settlement.
Thursday’s market finished notably higher, despite the release of poor US export data, in part due to new crop production concerns.
