Tuesday Cotton Up Triple Digits

Cotton futures are trading with triple digit midday gains so far for Tuesday. Old crop futures are up 86 to 180 points, with July adding carry. May futures are in deliveries, though no deliveries were issued on First Notice Day. New crop prices are 143 to 197 points in the black led by Dec. December cotton futures are now an 82 point premium to March.

Friday sales on The Seam were 2,343 bales for an average gross price of 78.86 c/lb. USDA’s Daily Spot Quotations report showed 453 bales were sold at spot, for the 4/26 report. The Cotlook A index was back up by 275 points to 94.70 cents/lb for 4/26. The AWP for cotton is 70.49 cents/lb through Thursday.  

May 21 Cotton  is at 88.72, up 86 points,

Jul 21 Cotton  is at 91.02, up 180 points,

Dec 21 Cotton  is at 86.92, up 197 points

Market Commentary provided by:

Brugler Marketing & Management LLC
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