Cotton Higher on Tuesday

Cotton futures settled Tuesday with most contracts 67 to 118 points higher. Rains in the South and warm dry weather in the Southeast was supportive. The one day delayed Crop Progress report indicated that 57% of the US crop has been planted, with the normal pace at 58% and last year at 61%. The Cotlook A index for May 24 was up 75 points from the previous day to 78.50 cents/lb. The weekly Average World Price (AWP) is now 59.37 cents/lb, down 14 points from last week.

Jul 19 Cotton closed at 69.470, up 108 points,

Oct 19 Cotton closed at 69.170, up 118 points

Dec 19 Cotton closed at 68.470, up 92 points

--provided by Brugler Marketing & Management

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