Cotton Futures Higher to Start Session

Cotton is trading 33 to 64 points higher early in the Tuesday day session. Cotton futures were both triple digits higher and triple digits lower during the Monday session before settling 18 to 35 points in the red. New crop cotton faded 48 to 62 points for the close. The weakness echoed a decline in crude oil, and initially lower US equity futures. The stock market rallied sharply and closed higher, after cotton trading had ended for the day. 

The 1/24 DSQ showed 7,619 bales of upland cotton were sold at spot. The Cotlook A index was down by 80 points to 136.70 c/lb for 1/21. The AWP for cotton is 110.44 cents through Thursday. 

Mar 22 Cotton  closed at 120.4, down 35 points, and up 60 this morning

May 22 Cotton  closed at 117.79, down 19 points, and up 64 this morning

Dec 22 Cotton  closed at 98.36, down 49 points, and up 34 this morning