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IPC Index — Mexico MarketCotton futures had some outside market support on Tuesday, with contracts up 30 to 50 points. Crude oil prices were up 12 cents, with the US dollar index down another $0.413 to $99.875.
NASS pegged the US cotton crop at 40% planted as of Sunday, slightly behind the 5-year average at 43%. The crop was listed at 35% planted in TX, 3 points back of normal, with GA lagging by 4 at 41% planted.
The Seam reported 2,465 bales sold on 5/19 at an average price of 63.48 cents. The Cotlook A Index was down 50 points on Monday at 76.75. ICE cotton stocks were up 2,213 bales via new certifications on May 19, with a certified stocks level of 36,366 bales. USDA’s Adjusted World Price (AWP) was back down 91 points last Thursday to 53.90 cents/lb.
Jul 25 Cotton closed at 66.12, up 48 points,
Oct 25 Cotton closed at 68.62, up 30 points,
Dec 25 Cotton closed at 68.74, up 40 points
