Tuesday Cotton Gains at Midday

Midday cotton futures prices are up triple digits so far. Gains of 115 points to 136 points are being seen. New crop December futures are at a >4 cent discount, only gaining 40 points. The Cotton System Consumption and Stocks report had 1,379 RBs used in November. Stocks grew 33% from October to 2,280 RBs in November. USDA’s Daily Spot Quotations report listed 18,554 bales sold at spot for an average price of 74.43 cents/lb. The Cotlook A index was up another 15 points on 01/04 to 84.75 cents/lb. The AWP was updated to 63.03 c/lb, up 102 points on the week and good through Thursday. 

Mar 21 Cotton is at 80.33, up 136 points,
May 21 Cotton is at 80.94, up 125 points
Jul 21 Cotton is at 81.37, up 115 points
Dec 21 Cotton is at 75.81, up 40 points

--- provided by Brugler Marketing & Management




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