Cotton Higher on Wednesday
BRUG - Wed Jun 12, 12:29PM CDT

Cotton futures are up 57 to 104 points in the front months on Wednesday. USDA trimmed new crop cash average price for cotton by a penny to 64 cents/lb on Tuesday. For the world numbers, USDA raise old crop leftover stocks by 1.06 million bales to 77.53, with New crop stocks up 1.57 at 77.26 million bales. USDA raised old crop Chinese imports by 250,000 bales but cut consumption by 500,000 bales to 40 million. The Cotlook A index for June 11 was up 50 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) from USDA is now 61.51 cents/lb through Thursday.

Jul 19 Cotton is at 66.65, up 100 points,

Oct 19 Cotton is at 66.5, up 104 points

Dec 19 Cotton is at 65.9, up 86 points

Mar 20 Cotton is at 66.480, up 57 points

--provided by Brugler Marketing & Management




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