Cotton Higher on Monday

Cotton futures saw 119 to 192 point gains in most contracts to start a new week. Rain in parts of northern TX and other parts of the Cotton Belt may slow cotton planting this week. The Crop Progress report indicated that 44% of the US cotton crop was seeded as of Sunday, 1% behind the average pace and 6% behind a year ago. The Cotlook A index for May 17 was up 50 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

Jul 19 Cotton closed at 67.910, up 192 points,

Oct 19 Cotton closed at 67.580, up 119 points

Dec 19 Cotton closed at 67.650, up 127 points

--provided by Brugler Marketing & Management




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