Cotton

Cotton futures are showing strong 66 to 176 point gains on Wednesday. The Cotlook A index was up 1 cent from the previous day to 92.1 cents/lb on May 15. Much of the main cotton growing area in TX missed out on hoped for rains Tuesday evening. The USDA Adjusted World Price for this week is 75.58 cents/lb and will be updated tomorrow afternoon. China sold 25,652 MT of cotton from state reserves on Wednesday, totaling 85.47% of the offered amount.

Jul 18 Cotton is at 84.42, up 66 points,

Oct 18 Cotton is at 83.1, up 176 points

Dec 18 Cotton is at 80.86, up 75 points

Mar 19 Cotton is at 80.730, up 82 points




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