The July cotton contract is a penny higher at midday, while the new crop prices are 28 to 51 points weaker so far following the Memorial Day break. The Dollar Index is currently 9 points in the red. Crude Oil futures are at their lows for the day with 4.3% losses of $3, putting pressure on synthetic fiber values.Â
Rains in TX, OK and KS are provoking discussions about prevented planting for cotton in some areas, while mostly benefitting established stands.Â
The Cotlook A Index for 5/26 was 130 points lower to 90.65 cents/lb. The USDA’s AWP for cotton is 69.80 cents/lb through Thursday. ICE certified stocks were 63 bales on 5/25.Â
Jul 23 Cotton  is at 84.49, up 114 points,
Dec 23 Cotton  is at 80.26, down 28 points,
Mar 24 Cotton  is at 80.25, down 41 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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