Cotton

Cotton futures were 2 to 24 points higher overnight. They ended Monday with most contracts 13 to 46 points lower. The weekly USDA Crop Progress report indicated 8% of US cotton acreage was planted on April 15. That was up 1% from the previous week, and 1% above average. It matches year ago. The USDA Adjusted World Price (AWP) is 74.32 cents/lb through Thursday. The Cotlook A index was down 10 points from the previous day at 92.95 cents/lb. Cash sales of 14,450 bales were reported at an average price of 73.27 cents/lb on Friday.




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