Cotton

Cotton futures are continuing to rally on Thursday, with most front months at or nearing limit gains. The US dollar is helping, down 474 points at the moment. Upland old crop cotton export sales for the week that ended Jan 4 were 274,533 RB, with 92,928 RB for new crop. Old crop sales were 16.35% above last year for this week and a jump of 41.55% from last year. Exports of upland cotton tallied 281,647 RB, a climb of 35.1% from last week and up 33.77% over this time in 2017. 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 is at 82.65, up 300 points,

May 18 Cotton is at 82.87, up 291 points

Jul 18 Cotton is at 82.92, up 277 points




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