Cotton

Cotton futures are trading 55 to 59 points lower in the nearby contracts at midday. The US dollar is firmer this morning. During 2017, Chinese cotton imports totaled 1.16 MMT, which was a 27% increase over the previous year. On Friday, the USDA increased the average midpoint farm price for cotton 3 cents to 69 cents/lb, with a range of 67-71 cents. The USDA Adjusted World Price (AWP) was increased 35 points to 71.21 cents/lb on Thursday. The Cotlook A Index for January 15 was 100 points lower than the previous day at 92.35 cents/lb, following the 300 point increase on Jan 12.

Mar 18 Cotton is at 81.13, down 55 points,

May 18 Cotton is at 81.4, down 56 points

Jul 18 Cotton is at 81.63, down 59 points




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