Futures were up by 29 to 91 points on the first trading day of the week. December saw a 154 point range through the day.
The weekly Crop Progress report showed 64% of the national cotton crop was squaring as of 7/16. NASS showed 25% was setting bolls, up from 17% last week and 1% point under the 5-yr average. The weekly conditions were 312 on the Brugler500 Index, from 321 last week.
The Seam reported 2,286 bales were sold on 7/14 for an average gross price of 73.48 cents. The Cotlook A Index was unchanged on July 14 at 91.9 cents/lb on 7/14. The AWP was lowered 56 points to 64.94 cents/lb.
Oct 23 Cotton closed at 83.49, up 83 points,
Dec 23 Cotton closed at 82.13, up 91 points,
Mar 24 Cotton closed at 82.04, up 69 points
Source: barchart.com