Cotton Close Higher on Short Covering
BRUG - Wed Jun 12, 5:24PM CDT

Cotton futures saw some short covering on Wednesday, with most nearby contracts up 67 to 95 points. USDA trimmed new crop cash average price for cotton by a penny to 64 cents/lb on Tuesday. USDA will release their weekly Export Sales report tomorrow 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 closed at 66.570, up 92 points,

Oct 19 Cotton closed at 66.410, up 95 points

Dec 19 Cotton closed at 65.880, up 84 points

--provided by Brugler Marketing & Management




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