Cotton

Cotton futures are trading 138 to 144 higher this morning. They posted gains of 40 to 74 points in the front months on Wednesday, with deferred contracts mixed. Recent weakness in the dollar has provided support. The US dollar was lower into the cotton close, but rebounded to finish 484 points higher. It is slightly higher this morning. Online cash sales for Tuesday reported on the Seam totaled 15,426 bales, as prices averaged 72.07 cents/lb, down 42 points from the previous day. The USDA Adjusted World Price (AWP), is 71.21 cents/lb, and will be updated today per usual. The Cotlook A Index for January 16 was UNCH from the previous day at 92.35 cents/lb.




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