Cotton price action is up 77 to 90 points early on Wednesday morning. Futures found strength to round out June, with contracts 22 to 43 points higher despite USDA reporting more acres than expected on Tuesday. Crude oil was down $0.82/bbl to $69.83. The US dollar index is up $0.118 at $100.995.
The annual June Acreage report showed all cotton acres this spring planted at 9.85 million, which was above the trade ideas of 9.6 million and the March number at 9.64 million acres.
