Cotton futures are trading with contracts up 133 to 163 points at midday. Crude oil was up down 10 cents on the day with the US dollar index was up $0.281.
Parts of Central Texas are looking at 1 to 3 inches precip in the next week, with the panhandle and east TX are seen with very little totals. The Southeast is looking at trace amounts.
The Cotlook A Index was again unchanged on Tuesday at 90.70 cents. ICE certified cotton stocks were down another 20,673 bales on July 14 via decertification, with the certified stocks level at 100,612 bales. The Adjusted World Price was back up 92 points last week to 62.86 cents/lb.
Oct 26 Cotton is at 81.23, up 163 points,
Dec 26 Cotton is at 82.2, up 133 points,
Mar 27 Cotton is at 83.56, up 133 points
