Cotton futures saw slight gains into the close on Tuesday, after spending most of the day in the red. As of last Friday’s USDA export sales report, total export commitments of upland cotton were 96% of the USDA full year projection. That is well above the average of 83% and last year’s 76%. Actual shipments are still lagging, with unshipped sales the main cause for being so far ahead of normal on commitments. The Cotlook A index was up 190 points from the previous day on February 26 at 91.10 cents/lb. The Seam showed cash sales of 9,847 bales on Monday, with prices averaging 71.59 cents/lb.

Mar 18 Cotton closed at 81.760, up 6 points,

May 18 Cotton closed at 82.250, up 10 points

Jul 18 Cotton closed at 82.790, up 4 points

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