Cotton Trying to Recover

Cotton futures are fading the triple digit selloff from yesterday with midday gains of as much as 176 points. The Seam online cotton trading platform started off the week with light holiday trading as 592 bales were sold at 57.32 cents/lb. Last week totaled 99,899 bales sold. NASS will release January’s second Cotton Ginning’s report on Thursday at noon E.T. The 01/21 Cotlook A index remained at 80.20 cents/lb. The AWP for cotton is 61.40 cents/lb.

Mar 20 Cotton is at 71, up 176 points,

May 20 Cotton is at 71.76, up 144 points

Jul 20 Cotton is at 72.69, up 142 points

Oct 20 Cotton is at 72, up 55 points

---provided by Brugler Marketing & Management

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