Cotton

Cotton futures are trading 11 to 20 point in the green, with the help of a lower US dollar. The USDA indicated 17/18 export sales of 194,198 RB for all upland cotton, down 11.67% from the previous week but a jump of 111.95% over the same week a year ago. Sales for 18/19 came in at 8,534 RB, well short of last week and 26.13% behind this week last year. The USDA AWP will be updated later today. The Cotlook A index for September 27 was down 80 points from the previous day at 78.90 cents/lb. China sold the entire 30,500 MT of cotton offered in Thursday’s auction of state reserves.

Dec 17 Cotton is at 68.8, up 15 points

Mar 18 Cotton is at 67.9, up 11 points

May 18 Cotton is at 68.490, up 15 points




Market Commentary provided by:

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