Cotton Close Higher on Short Covering

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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