Cotton Higher on Turnaround Tuesday

Turnaround Tuesday cotton trading has the board 90+ points higher for old crop and 26 to 47 points in the black for new crop futures.

National cotton planting had reached 8% of expected area as of 4/11. That is up from 6% planted the week prior and from the 5-yr average of 7%. In TX, planting progressed 3% points to 13% complete.

USDA’s DSQ showed just 329 bales sold in the 4/12 report. The Cotlook A index was another penny stronger on 4/12 to 89.5 cents/lb. The AWP for cotton for the week is 64.92 cents/lb.

May 21 Cotton  is at 81.07, up 93 points,

Jul 21 Cotton  is at 82.45, up 94 points,

Dec 21 Cotton  is at 80.71, up 27 points

Market Commentary provided by:

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