Cotton

Cotton futures posted gains of 40 to 74 points in the front months on Wednesday, with deferred contracts mixed. Recent weakness in the dollar has provided support. The US dollar was lower into the cotton close, but rebounded to finish 484 points higher. 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), currently at 71.21 cents/lb, will be updated on Thursday. The Cotlook A Index for January 16 was UNCH from the previous day at 92.35 cents/lb.

Mar 18 Cotton closed at 82.140, up 71 points,

May 18 Cotton closed at 82.390, up 72 points

Jul 18 Cotton closed at 82.600, up 74 points




Market Commentary provided by:

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