Cotton Futures Up Another 80 to 149 Points

Ahead of USDA’s Export Sales report futures are 80 to 149 points 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. The US dollar index (March futures contract) is trading at the highest level since December 1. 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 AWP for cotton is 67.59 cents/lb, and will be updated after the close.

--- provided by Brugler Marketing & Management

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