Cotton

Cotton futures were 15 to 72 points in the red ahead of Tuesday’s USDA supply and demand report. The USDA cotton classing report showed 1.555 million upland bales classed during the week ending 12/7. YTD 11.827 million upland bales have been classed. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb on Thursday, up 81 points from the previous week. Online cash sales rose to 12,519 bales reported on the Seam, as prices were down 126 points to 68.64 cents/lb. The Cotlook A index was up 150 points from the previous day on December 8 to 84.70 cents/lb.

Mar 18 Cotton closed at 73.000, down 72 points,

May 18 Cotton closed at 73.580, down 62 points

Oct 18 Cotton closed at 72.640, down 38 points




Market Commentary provided by:

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