Cotton Futures Higher Again This Morning

Cotton futures are trading 10 to 39 points higher, building on Tuesday’s gains. At the close on Tuesday, old crop cotton was 25 to 46 points higher. New crop December ended the session 16 points higher to 86.75 cents. The dollar index futures traded at the lowest price since January 8. USDA’s Daily Spot Quotations report showed 1,448 bales sold via the 2/23 report. 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 through 2/22.

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