Cotton futures are down 6 to 152 points in most contracts at midday, after yesterday’s sharp gains. Last week’s Cotton On Call report showed mills getting out of the rest of their unfixed call sales for March during the week of 2/23. Their number of unfixed sale for May was at 33,641 contracts on that date, with the total for all months at 141,824 contracts. The Adjusted World Price or AWP was updated to 73.09 cents/lb on Thursday, up 340 points from the previous week. The Cotlook A index was up 25 points from the previous day on March 5 at 91.45 cents/lb. Cash sales on the Seam were reported at 20,314 bales, with prices averaging 75.09 cents/lb.

Mar 18 Cotton is at 85.35, down 6 points,

May 18 Cotton is at 83.81, down 142 points

Jul 18 Cotton is at 83.58, down 140 points

Market Commentary provided by:

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