Cotton Closes Higher on Wednesday

Cotton futures posted 58 to 129 point gains in most contracts on Wednesday. USDA will update the export situation in Thursday morning’s Export Sales report. Analysts surveyed by Bloomberg show 2019 cotton acreage ideas at an average of 13.74 million acres (Reuters – 13.819 million acres), just slightly below the March Intentions report. The Cotlook A index for June 25 was UNCH points from the previous day to 76.40 cents/lb. The weekly Average World Price (AWP) from USDA is 59.14 cents/lb through Thursday.

Jul 19 Cotton closed at 63.490, up 129 points,

Oct 19 Cotton closed at 66.320, up 67 points

Dec 19 Cotton closed at 66.390, up 67 points

--provided by Brugler Marketing & Management




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