Cotton Market Closes Higher

At Wednesday’s closing bell the front month cotton futures were 21 to 30 points higher. New crop December contracts ended with a 20 point gain. Crude oil futures are also continuing their rally with another $1.19/bl gain on Wednesday. Tuesday cotton sales reported by the online cotton trading platform The Seam were 7,328 bales for an average gross price of 76.36 cents/lb. The daily Cotton Spot Quotations report showed 5,143 bales were sold on Wednesday with a national average price of 77.06 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 closed at 80.99, up 30 points,
May 21 Cotton closed at 82.33, up 28 points
Jul 21 Cotton closed at 83.2, up 21 points
Dec 21 Cotton closed at 78.91, up 20 points

--- provided by Brugler Marketing & Management

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