Cotton Gaining Through Midday

Through midday on Wednesday, front month cotton futures are up 39 to 96 points. Old crop futures are the strongest, adding to the old/new crop inverse. As of midday, the May Dec spread favors spot prices by 1.09 cents/lb.

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 90.80 cents/lb for 4/20 after dropping another 20 points. USDA’s AWP for cotton is 68.16 cents/lb, good through Thursday.

May 21 Cotton  is at 84.57, up 80 points,

Jul 21 Cotton  is at 85.93, up 76 points,

Dec 21 Cotton  is at 83.48, up 42 points




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