Cotton

Cotton futures posted 159 to 180 point gains in most nearby contracts on Tuesday, with back months modestly higher. The USDA reported that 236,832 bales were classed in the upland category during the week of Feb 15. That brings the total for upland classings to 18.480 million bales for 17/18. The USDA Adjusted World Price or AWP was trimmed 30 points from the previous week to 69.15 cents/lb on Thursday. The Cotlook A index was up 25 points from the previous day on February 19 at 86.85 cents/lb.

Mar 18 Cotton closed at 77.510, up 179 points,

May 18 Cotton closed at 78.960, up 180 points

Jul 18 Cotton closed at 79.710, up 159 points




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