Cotton in Black at Midday
Cotton prices are rallying at midday with 84 to 86 point gains. Many contracts are posting new life of contract highs. The dollar index is trading at a 4 session low following a blitz of spending and regulatory announcements on the first day of the Biden administration. USDA’s Daily Spot Quotations reported 8,807 bales sold on 1/20, for an average price of 77.45 cents. ICE certified stocks were 2,018 higher on Jan 19 to 68,631 bales. The Cotlook A index half a cent higher to 87.60 cents/lb. The week’s AWP for cotton is 66.23 cents/lb.
| Mar 21 Cotton is at 82.43, up 84 points, |
| May 21 Cotton is at 83.36, up 86 points |
| Jul 21 Cotton is at 84.13, up 85 points |
| Dec 21 Cotton is at 78.78, up 83 points |
--- provided by Brugler Marketing & Management
