Cotton futures are 73 to 80 points in the green at midday. This morning’s Export Sales report showed 259,661 RB in old crop upland cotton sales, a jump of 39.17% over last week but down 16.69% from last year. Turkey purchased the largest amount of old crop at 63,300 RB, with Vietnam buying 59,500 RB. There was an additional 35,992 RB in new crop upland sales. Pima sales totaled 10,100 RB. The USDA Adjusted World Price (AWP) was updated to 65.95 cents/lb, 92 points higher than the previous week. The Cotlook A index was unchanged from the previous day to 83.45 cents/lb on December 13.

Mar 18 Cotton is at 74.93, up 80 points,

May 18 Cotton is at 75.3, up 75 points

Jul 18 Cotton is at 75.6, up 73 points

Market Commentary provided by:

Brugler Marketing & Management LLC
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