Cotton Futures are Gaining

Midweek cotton prices are 23 to 27 points higher at midday. New crop futures are mixed with a 9 point bump for Dec. Crude oil futures are also continuing their rally with another $1.35/bbl so far today. The daily Cotton Spot Quotations report showed 5,589 bales were sold on Tuesday with an average price of 76.76 cents/lb. The Cotlook A index recovered 45 points to 86.90 cents/lb. The week’s AWP for cotton is 67.59 cents/lb, and will be updated after tomorrow’s close.

Mar 21 Cotton is at 80.96, up 27 points,
May 21 Cotton is at 82.33, up 28 points
Jul 21 Cotton is at 83.22, up 23 points
Dec 21 Cotton is at 78.8, up 9 points

--- provided by Brugler Marketing & Management

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