Cotton - kelly-sikkema-8A7qKkvm_ew-unsplash
Nearby cotton futures are up 56 to 166 points so far through midday. That has the July contract within a penny of last week’s high.
USDA’s weekly Crop Progress report had 35% of cotton planted as of 5/14. That was a weekly advancement of 13% points, and is 1ppt behind average. Texas was shown at 30% complete, 2% points behind their average, and Georgia was 32% finished, 7% points behind.
The Cotlook A Index was 92.45 cents per pound on 5/15, up by 60 points. The AWP for cotton was raised 128 points to 67.97 cents.
Jul 23 Cotton is at 83.64, up 127 points,
Dec 23 Cotton is at 82.85, up 107 points,
Mar 24 Cotton is at 82.68, up 95 points
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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