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




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