Cotton futures found some strength to start the week, as contracts were 3 to 70 points. The US dollar index was down 176 points, with the crude oil 39 cents lower.
The weekly Crop Progress report had cotton planting across the US at 5%, which was down 1% from the 5-year average pace.
The Seam reported 560 bales sold on the April 4th sale for an average price of 68.38 cents, a 2.62 cent drop from the previous day. The Cotlook A Index was back down by 150 points to 92.60 cents/lb on 4/5. The AWP weakened by another 140 points to 69.48.
Jul 24 Cotton closed at 88.39, down 18 points,
Oct 24 Cotton closed at 83.49, down 79 points,
Mar 25 Cotton closed at 83.54, down 97 points
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