Cotton

Cotton futures are trading 16 to 26 points higher this morning. They settled steady to slightly lower on Tuesday. The USDA ag attach estimates Indonesian cotton imports of 3.391 million bales for 2016/17, which is up from 2.941 million bales in 2015/16. The number for 2017/18 imports is projected at 3.4 million bales. The FAS estimates that the imports from the US totaled 304,000 MT, which covers about 41.14% of the total. Online cash sales dropped to 13,170 bales reported on the Seam, as prices rose 116 points to 69 cents/lb. The Cotlook A index was up 50 points on December 4 to 83.65 cents/lb.




Market Commentary provided by:

Brugler Marketing & Management LLC
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