Cotton

Cotton futures posted strong trade on Wednesday, with most nearby contracts showing triple digit gains. The US dollar was weaker on the day. Analysts expect US exports to see another increase in Friday’s USDA report, as total commitments are well above the average. However that could be offset by the fact that actual exports are currently down from this time last year. The Cotlook A Index for January 9 was 10 points higher than the previous day at 88.80 cents/lb. Online cash sales of 23,823 bales were reported on the Seam on Tuesday, with an average price of 70.5 cents/lb, up 83 points from the day prior.

Mar 18 Cotton closed at 79.650, up 130 points,

May 18 Cotton closed at 79.960, up 127 points

Jul 18 Cotton closed at 80.150, up 112 points




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