Cotton futures are trading with 134 to 265 point gains on Tuesday. The US dollar index is $0.068 higher at $98.330. Crude oil is down $4.35 to $102.07.
NASS Crop Progress data showed 21% of the US cotton crop planted as of May 3, which was 2 percentage points ahead of the 5-year average of 19%.
Census trade data showed March cotton exports (excluding linters) at 1.683 million bales, Up 57.02% from February and down 8.25% from a year ago in March.
The Seam showed 182 bales sold on 5/4 at an average of 66.35 cents/lb. The Cotlook A Index was up 300 points on Friday at 92.05 cents. ICE certified cotton stocks were up 451 bales on May 4, with the certified stocks level at 180,192 bales. The Adjusted World Price was up another 40 points last week to 65.66 cents/lb. It is good through Thursday.
May 26 Cotton is at 83.23, up 265 points,
Jul 26 Cotton is at 84.65, up 173 points,
Dec 26 Cotton is at 85.02, up 134 points
