Cotton futures closed the Wednesday session with strength of 76 to 184 points across the board. The outside factors were not supportive, with the dollar index up 33 points and crude oil slipping lower.
The next 7 days looks dry for much of TX, which could add some premium to the market. The South East is still expected to receive 1-3 inches.
The Cotlook A Index was 90 cents higher to 92.40 cents/lb for 7/18. The AWP is 64.94 cents/lb and will be updated after tomorrow’s close. ICE certified stocks dropped by 4,137 to 4,789 bales on 7/17.
Oct 23 Cotton closed at 85.62, up 184 points,
Dec 23 Cotton closed at 83.75, up 150 points,
Mar 24 Cotton closed at 83.63, up 141 points
Πηγή: barchart.com