Cotton Prices Close in Black

After trading mixed at midday, front month cotton futures ended the Wednesday session 24 to 39 points higher. New crop contracts added 13 to 19 points to the upside. Tuesday sales reported on The Seam were 5,156 bales for 81.8 cents/lb. That was the highest average selling price on the Seam since light volume sales made in July of 2018. USDA’s Daily Spot Quotations reported 1,706 bales in the 2/17 update citing the national average cash price of 85.04 cents. The Cotlook A index was steady at 93.80 cents on Feb 16. The week’s new AWP for cotton is 70.32 cents/lb, through Thursday.

Mar 21 Cotton closed at 88.36, up 24 points,
May 21 Cotton closed at 89.93, up 33 points
Jul 21 Cotton closed at 90.71, up 39 points
Dec 21 Cotton closed at 85, up 19 points

--- provided by Brugler Marketing & Management

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