Cotton Futures Sharply Higher Again

Cotton Futures are cruising sharply higher in the Friday session, up 300 to 340 points. Yesterday, cotton faded early session highs. Futures were still up 55 to 133 points at the close, but the front months settled more than 200 points off their high. 

Weekly FAS data from the USDA showed cotton export bookings during the week of 9/30 were 246,697 RBs. Total cotton commitments sit at 7.47m RBs, which is 8% below last year. 

The Cotlook A index was 117.90 cents/lb on 10/6, up by another 340 points. The week’s new AWP for cotton is 91.81 cents/lb, up from 83.92 last week. 

Dec 21 Cotton  closed at 111.61, up 55 points, up 388 points this morning

Mar 22 Cotton  closed at 108.73, up 56 points, up 304 points this morning

May 22 Cotton  closed at 107.27, up 107 points, up 328 points this morning




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