Cotton Mostly Higher on Monday

Cotton futures were 17 to 22 points lower in most nearby contracts, with nearby May down 12 points. The dollar was weaker today, with crude oil up $1.82/barrel, supporting cotton via synthetics. After the closing bell, USDA showed US cotton acreage at 9% planted, a 2% move from last week. That was even with the average and down from 10% last year. The Cotlook A Index was up 50 points at 88.25 on April 18. The new weekly Average World Price (AWP) is 68.88, effective through Thursday.

May 19 Cotton closed at 77.190, down 12 points,

Jul 19 Cotton closed at 78.470, up 20 points

Oct 19 Cotton closed at 77.450, up 22 points

--provided by Brugler Marketing & Management

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