Cotton Futures Add to Tuesday Gains

Cotton futures are trading 6 to 30 points higher this morning, following the broad ag commodity buying pattern. At the close for the Tuesday session, front month cotton futures were 46 to 57 points higher.

Cotton sales reported on The Seam were 1,900 bales for an average price of 51.24 c/lb on 4/19. USDA’s 4/20 DSQ reported 1,674 bales sold, and left basis at -4.18 cents/lb. The MYTD spot sales were up to 1.33m bales. The Cotlook A index was 91.00 cents/lb for 4/19 after dropping 125 points. USDA’s AWP for cotton is 68.16 cents/lb, good through Thursday.

May 21 Cotton  closed at 83.77, up 51 points, and up 19 this morning

Jul 21 Cotton  closed at 85.17, up 46 points, now up 30 more

Dec 21 Cotton  closed at 83.06, up 56 points, now up another 6




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