Cotton Continuing Rally on Thursday Morning


Cotton prices are up 58 to 132 points as we begin your Thursday. Futures posted a 3 cent (300 point) limit gain in the July contract on Wednesday, with other contracts up 68 to 220 points. ICE did expand limits to 4 cents for the Thursday session. The outside market factors were again not supportive, with crude oil $1.32 lower and the US dollar index 289 points higher.

Export Sales data will be released in a few minutes, with some looking for an improvement to the 156,500 RB for old crop sales reported last week. 

ICE certified cotton stocks were up 913 bales on May 21 at 191,566 bales. The Cotlook A Index was back unchanged on May 21 at 85.60 cents/lb. The AWP dropped another 18 points to 59.46 last week and will be updated on Thursday.

Jul 24 Cotton  closed at 79.38, up 300 points, currently up 132 points

Dec 24 Cotton  closed at 77.28, up 200 points, currently up 62 points

Mar 25 Cotton  closed at 78.83, up 194 points, currently up 58 points

On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.