Cotton

Cotton futures are currently 2 to 21 points lower in the front months on Friday. The US dollar is providing a little pressure, up 172 points at the moment. Total commitments of upland cotton slipped 5.3% from last week, as they are now 35.4% larger than this week in 2016. They are still well above the normal pace at 73% of the WASDE projection vs. the average of 60% for this date. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb, up 81 point from the previous week. Online cash sales rose to 23,591 bales reported on the Seam, as prices were up 64 points to 69.90 cents/lb. The Cotlook A index was up 25 points from the previous day on December 7 to 83.20 cents/lb.

Mar 18 Cotton is at 74.21, down 2 points,

May 18 Cotton is at 74.6, down 4 points

Jul 18 Cotton is at 74.61, down 21 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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