Cotton Futures Close in Black

At the close for the Tuesday session, front month cotton futures were 46 to 57 points higher. Zhengzhou Cotton Prices were also higher on Tuesday, up 0.33% to 15,170 yuan/MT (~ $1.06/lb).

In March, Chinese customs data showed $498.08 million USD of cotton imports. That was down from the $680.4m record in January, but up 39.5% yr/yr.

Cotton sales reported on The Seam were 1,900 bales for an average price of 51.24 c/lb on 4/19. USDA’s 4/20 DSQ reported 1,674 bales sold, and left basis at -4.18 cents/lb. The MYTD spot sales were up to 1.33m bales. The Cotlook A index was 91.00 cents/lb for 4/19 after dropping 125 points. USDA’s AWP for cotton is 68.16 cents/lb.

May 21 Cotton  closed at 83.77, up 51 points,

Jul 21 Cotton  closed at 85.17, up 46 points,

Dec 21 Cotton  closed at 83.06, up 56 points

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