Cotton

Cotton futures are trading 30 to 70 points higher this morning. They finished the Tuesday session with front months 38 to 52 points lower, as back months were 11 to 32 points higher. Pressure in the nearby contracts came from lower crude oil, as the US dollar was slightly higher at the close. Data from the National Cotton Council’s planting intentions survey will be available next Monday. The USDA Adjusted World Price or AWP is 71.35 cents/lb, through Thursday. The Cotlook A index on February 1 was 88.10 cents/lb, down 95 points from the previous day.




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