Cotton Higher at Thursdays Close

Cotton futures closed the Thursday session with most contracts 28 to 55 points higher. The 6-10 day outlook shows above normal chances for precip in most of TX and part of the Delta. The Cotlook A index for May 28 was up 110 points from the previous day to 80.60 cents/lb. The weekly Average World Price (AWP) is now 61.31 cents/lb good through next Thursday, up 194 points from last week. The release of the weekly Export Sales report was pushed back until Friday morning due to Monday’s holiday.

Jul 19 Cotton closed at 69.340, up 28 points,

Oct 19 Cotton closed at 69.130, up 55 points

Dec 19 Cotton closed at 68.320, up 34 points

--provided by Brugler Marketing & Management

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