Nearby cotton prices closed with 50 to 118 point gains across the front months, which left the March contract at a net weekly 117 point gain. The Dollar index closed off the daily high on Thursday for a net 0.05% loss.
USDA’s FAS reported 262,478 RBs of cotton was booked during the week that ended 1/4. That was more than double the week prior and compares to the 5-wk average of 164k RBs. USDA had China and Vietnam as each booking +100k RBs.
The Cotlook A Index was 25 points stronger on 1/9 to 90.65 cents/lb. The Seam had 4,046 bales sold online for an average gross price of 72.15 cents/lb for 1/8. The AWP was up by another 80 points to 64.96 cents/lb.
Mar 24 Cotton closed at 81.36, up 118 points,
May 24 Cotton closed at 82.33, up 100 points,
Jul 24 Cotton closed at 82.94, up 81 points
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