Cotton Spikes Higher at Midday

The first trade day of the week sees cotton 195 to 211 points higher. Energy market futures are lower as the OPEC+ meeting has been delayed to later this week. The stock market is sharply higher on some indications that the COVID-19 outbreak might be slowing down. USDA will release the crop progress report this afternoon. Last year for the week ending April 07 cotton was 6% planted. The April 3 Cotlook A index was 60.75 c/lb, 160 points higher. The AWP for cotton is 42.63 cents/lb. through Thursday. The LDP increased to 9.37 cents/lb.

May 20 Cotton is at 52.98, up 200 points,

Jul 20 Cotton is at 52.93, up 195 points

Oct 20 Cotton is at 54.17, up 211 points

Dec 20 Cotton is at 54.09, up 201 points

--- provided by Brugler Marketing & Management

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