Cotton

Cotton futures are showing gains of 15 to 22 points on Tuesday. The weekly USDA Crop Progress report showed TX at 28% planted, 5% above normal, with GA 10% faster than average at 41% complete. Consultant Informa estimates the 2018 all cotton acreage number at 14 million acres, above the current USDA number of 13.47 million acres. The Cotlook A index was UNCH from the previous day to 93.1 cents/lb on May 14. The USDA Adjusted World Price for this week is 75.58 cents/lb, up 59 points from the week prior.

Jul 18 Cotton is at 83.85, up 15 points,

Dec 18 Cotton is at 80.08, up 22 points

Mar 19 Cotton is at 79.860, up 21 points




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