Cotton Rallying at Midday

After a pullback to start the week, Thursday prices are back up by 283 to 344 points. Dollar Index is lower again so far on Thursday after reaching highs earlier this week.  

USDA’s Daily Spot Quotations report showed 2,236 bales were added to the program on 10/13. The daily Classings report showed 46,994 bales of upland cotton were classed on 10/13, adding 995 bales of pima as well. The 10/13 Cotlook A index fell back 340 points to 115.30. The AWP for cotton is 91.81 cents/lb, and will be updated after the close.  

Dec 21 Cotton  is at 107.3, up 344 points, 

Mar 22 Cotton  is at 105.2, up 336 points, 

May 22 Cotton  is at 103.78, up 283 points 

Market Commentary provided by:

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