Cotton

Cotton futures settled Thursday with 26 to 100 point losses. All upland cotton 17/18 export sales of 219,850 RB were reported by the USDA this morning, with an additional 37,136 RB reported for 18/19 sales. Sales for 17/18 were well above last week and 11.08% larger than this week last year. Upland cotton exports were up 61.92% wk/wk and 11.42% yr/yr at 175,725 RB.The USDA updated their AWP to 60.91 cents/lb, down 236 points from the previous week. The Cotlook A index for September 20 was down 35 points from the previous day at 79.35 cents/lb. China sold another 29,500 MT of cotton in Thursday’s auction of state reserves that saw 30,000 MT offered.

Oct 17 Cotton closed at 69.040, down 100 points,

Dec 17 Cotton closed at 68.250, down 100 points

May 18 Cotton closed at 68.170, down 86 points




Market Commentary provided by:

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