Cotton

Cotton futures are showing 28 to 51 point losses at midday. Thursday’s morning’s USDA Export Sales report indicated a MY low in 17/18 sales of all upland cotton. There were 65,216 RB of old crop upland cotton sold during the week of Sep 9, with 26,400 RB of new crop sales reported to Pakistan. The Cotton AWP will be updated later today. The Cotlook A index for September 13 was 300 points lower at 79.1 cents/lb. At their daily auction of state reserves, China sold 22,500 MT of the 27,800 MT of cotton offered.

Oct 17 Cotton is at 69.47, down 51 points,

Dec 17 Cotton is at 68.78, down 31 points

Mar 18 Cotton is at 68.26, down 34 points

May 18 Cotton is at 68.930, down 28 points




Market Commentary provided by:

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