Cotton futures are mixed, with nearby March 53 points higher and back months lower. Cotton acreage is expected to hit 13.3 million acres in 2018 according to the USDA's Ag Outlook Forum. That is well above the 2017 number of 12.6 million acres. The average prices expected is at 63 cents/lb, down 6 cents from the previous week. The USDA Export Sales report is delayed until Friday morning because of the President’s Day holiday. The current USDA Adjusted World Price or AWP is 69.15 cents/lb, and will be updated on Thursday. The Cotlook A index was up 185 points from the previous day on February 21 at 88.70 cents/lb.

Mar 18 Cotton is at 79.44, up 53 points,

May 18 Cotton is at 79.61, down 78 points

Jul 18 Cotton is at 80.47, down 63 points

Market Commentary provided by:

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