Cotton Prices Pushing Higher

Tuesday cotton trading has the old crop board 30 to 38 points higher at midday. New crop December is also higher with a 10 point midday gain. The dollar is higher at midday after the DX futures briefly dropped below 90 for a multi-week low. USDA’s Daily Spot Quotations report showed 3,605 bales sold on 2/22. The Cotlook A index was another 20 points higher on Feb 22 to 95.60 cents. The week’s AWP for cotton is 73.13 cents/lb., in effect through Thursday. ICE certified stocks are still at 100,326 bales.

Mar 21 Cotton is at 91.29, up 38 points,
May 21 Cotton is at 92.73, up 32 points
Jul 21 Cotton is at 93.38, up 30 points
Dec 21 Cotton is at 86.69, up 10 points

--- provided by Brugler Marketing & Management

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