Front month cotton futures are trading with triple digit gains into the short week. December is up 131 points at midday.Â
The NASS survey data saw 11.087 million acres dedicated to cotton in the June update. The average trade guess was to see no change from 11.2m acres reported in March, so this was slightly bull friendly.Â
The Cotlook A Index was 135 points higher to 90.25 cents on 6/30. USDA’s weekly Cotton Market Review had 3,927 bales sold for the week at an average price of 72.69 cents. The AWP is 65.50 cents/lb. ICE Certified stocks were 17,051 bales on 6/28.Â
Dec 23 Cotton  is at 81.76, up 139 points,
Mar 24 Cotton  is at 81.56, up 131 points,
May 24 Cotton  is at 81.71, up 137 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.