Cotton Sharply Higher on Turnaround Tuesday

Cotton futures ended the Turnaround Tuesday session with most nearby contracts up 99 to 152 points higher. That erased most of the Monday decline. USDA Planting Progress in TX was 11% as on Sunday, vs. the normal 10% pace. The Cotlook A Index was up 100 points at 87.70 on April 15. The weekly Average World Price (AWP) is 69.21, 99 points higher than the previous week and effective through Thursday for USDA program purposes.

May 19 Cotton closed at 77.940, up 145 points,

Jul 19 Cotton closed at 78.560, up 152 points

Oct 19 Cotton closed at 77.360, up 127 points

--provided by Brugler Marketing & Management

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