Cotton Mixed to Start Tuesday

Cotton futures are mixed again on Tuesday, with most contracts 13 to 28 points lower, ignoring Oct up 31 points. They were mixed on Monday, with nearby July down 31 points, and other front months 45 to 67 points higher. NASS reported that US cotton acres were 89% planted by Sunday, 5% behind the normal pace. The crop was 19% squared on that date, 1% ahead of normal. Condition ratings were up 5% to 49% gd/ex, with the Brugler500 index up 8 points to 337.The Cotlook A index for June 14 was up 30 points from the previous day to 77.80 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

--provided by Brugler Marketing & Management

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