Cotton

Cotton futures are 50 to 60 points higher this morning after they posted 159 to 180 point gains in most nearby contracts on Tuesday. The back months were modestly higher. A rising US dollar may have prodded some foreign buyers into action. 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 is 69.15 cents/lb through Thursday. The Cotlook A index was up 25 points from the previous day on February 19 at 86.85 cents/lb.




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