Cotton

Cotton futures settled Thursday with most contracts 11 to 40 points in the green. This morning’s export sales report indicated 506,668 RB in 17/18 all upland cotton export sales. That is the largest weekly total since late January of 2015 and 146% above the previous week. Pakistan was the lead buyer at 290,300 RB, as 18/19 sales dwindled down to 176 RB. Exports of upland cotton fell 24.21% from last week to 94,207 RB. Pima sales came in at 18,100 RB, with India buying the majority. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 points lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,652 bales, with prices down 5 points to 66.70 cents/lb. The Cotlook A index for November 14 was 25 points lower to 79.35 cents/lb.

Dec 17 Cotton closed at 69.210, up 40 points,

Mar 18 Cotton closed at 69.180, up 34 points

Jul 18 Cotton closed at 70.570, up 30 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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