Cotton #2 Futures Market News and Commentary
Cotton futures are higher so far today, with gains dwindling through the nearby futures contracts. The dollar is up 139 points so far on Tuesday. Online cash sales reported on The Seam for Monday were 5,569 bales, at a monthly high average price of 62.30 cents/ lb. Crop Progress data will be delayed until this afternoon. The Cotlook A Index for 11/11 was 55 points higher to 75.95 cents/lb. The AWP will remain at 56.63 cents/lb through Thursday.
DEC 19 Cotton is at 64.55, up 26 points,
MAR 19 Cotton is at 66.29, up 21 points
MAY 20 Cotton is at 67.55, up 19 points
JUL 20 Cotton is at 68.5, up 1 point
--provided by Brugler Marketing & Management