Front month cotton futures are gaining triple digits in the morning portion of the midweek session. That has the market setting new contract highs. Following a weak Tuesday, front month cotton futures went home mixed. Old crop added 3 to 15 points to the upside after it was all said and done. New crop also bounced into the late portion of the Tuesday market, but futures still went home 15 to 96 points lower.Â
IHS Markit, formerly Informa, pegs US upland cotton area at 11.607 million acres. That is 11k lighter than their January forecast for 22/23.Â
The Seam reported 10,597 bales were sold on 3/21 for an average price of 120.75 cents. The Cotlook A index was 5 cents higher to 143.50 cents/lb on 3/21. The AWP for cotton is 113.26 cents/lb for the week through Thursday. ICE certified stocks remained at 537 bales.Â
May 22 Cotton  closed at 130.04, up 3 points, currently up 241 pointsÂ
Jul 22 Cotton  closed at 126.29, up 8 points, currently up 216 pointsÂ
Dec 22 Cotton  closed at 108.01, down 15 points, currently up 159 pointsÂ
