Cotton

Cotton futures are mostly 46 to 126 points higher on Friday. Support is coming from the US dollar, up 423 points at the moment. Customs data from China shows 78,128 MT in October imports, with 17,049 MT was sourced from the US. The USDA reported 17/18 upland cotton export sales of 357,026 RB, down from the previous week but still 40.1% above this time last year. Pakistan was the lead buyer, purchasing 109,900 RB. Sales for 18/19 picked up to 43,121 RB. Pima sales of 17,500 RB were reported, down from the previous week. The Cotton Ginnings report will be released later this afternoon. The Cotlook A index was down 75 points to 80.75 cents/lb.

Dec 17 Cotton is at 72, up 126 points,

Mar 18 Cotton is at 71.6, up 46 points

May 18 Cotton is at 72.48, up 50 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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