Cotton Gains Triple Digits

Old crop cotton futures closed the midweek session with triple digit gains of a penny and 6 points. OI in July was reported at 100,685 contracts as of 4/20, with May at 5,207. New crop futures closed the session 51 to 63 points higher. The US dollar index ended the day weaker.

USDA’s 4/21 DSQ reported only 431 bales sold, the approximate MYTD cash sales were up to 1.336 million 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, and will be updated tomorrow.

May 21 Cotton  closed at 84.83, up 106 points,

Jul 21 Cotton  closed at 86.23, up 106 points,

Dec 21 Cotton  closed at 83.69, up 63 points

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