Cotton

Cotton futures are trading 22 to 24 points lower this morning. They finished the Monday session with most active contracts 9 to 72 points in the red. There was some pre-holiday profit taking after March gained 3% last week. The USDA Adjusted World Price (AWP) was updated to 65.95 cents/lb, 92 points higher than the previous week. The Cotlook A index was 120 points higher from the day prior on December 15 to 85.90 cents/lb. Online cash sales on the Seam jumped to 40,261 bales, with prices averaging 70.07 cents/lb, down 17 points from the previous day.




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