Cotton in the Red on Turnaround Tuesday

Cotton futures settled Turnaround Tuesday with most contracts 38 to 87 points lower. The Crop Progress report indicated that 20% of the cotton acres in TX were seeded last week, now at 39%, with GA 61% planted. Those are both ahead of normal. The Cotlook A index for May 20 was down 75 points from the previous day to 76.60 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 67.320, down 59 points,

Oct 19 Cotton closed at 67.200, down 38 points

Dec 19 Cotton closed at 66.900, down 75 points

--provided by Brugler Marketing & Management




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