Cotton

Cotton futures are seeing gains of 27 to 29 points in the nearby contracts on Wednesday. Recent weakness in the dollar has provided support. The US dollar is slightly higher at the moment, however, with crude oil up 22 cents. Online cash sales for Tuesday reported on the Seam totaled 15,426 bales, as prices averaged 72.07 cents/lb, down 42 points from the previous day. The USDA Adjusted World Price (AWP) was increased 35 points to 71.21 cents/lb on Thursday. The Cotlook A Index for January 16 was UNCH from the previous day at 92.35 cents/lb.

Mar 18 Cotton is at 81.7, up 27 points,

May 18 Cotton is at 81.96, up 29 points

Jul 18 Cotton is at 82.14, up 28 points




Market Commentary provided by:

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