Cotton Up at Midday

Wednesday cotton trading has futures up 4 to 28 points so far. The dollar is weaker for the 4th day in a row ahead of FOMC minutes. Slow moving Hurricane Sally is expected to dump significant rain as it moves eastward through AL, GA and to coastal SC by late Friday. From USDA’s Daily Spot Cotton Quotations update, 3,467 bales went for an average 60.18 cents/lb. On Monday, The Seam reported 7,510 bales sold at an ave gross price of 62.29 cents/lb. The Cotlook A index for Sept 15 bounced 1.6 cents to 72.10 cents/lb. The AWP for cotton is 49.77 cents/lb, through Thursday. The LDP is 2.23 cents.

Oct 20 Cotton is at 65.43, up 4 points,

Dec 20 Cotton is at 66.63, up 19 points

Mar 21 Cotton is at 67.46, up 22 points

May 21 Cotton is at 68.03, up 19 points

--- provided by Brugler Marketing & Management




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