Cotton futures finished the day with 44 to 106 point gains in most contracts. 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. Analysts are expecting to see 125,000-200,000 RB in old crop sales in tomorrow’s USDA report. 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 closed at 84.350, up 59 points,

Oct 18 Cotton closed at 82.400, up 106 points

Dec 18 Cotton closed at 80.690, up 58 points

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