Cotton

Cotton futures are trading 38 to 44 cents in the green at the moment. They closed Thursday with most contracts steady to 76 points higher, as support came from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.




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