Cotton

Cotton futures were mostly 16 to 36 points lower on Tuesday. The US dollar was down a sharp 516 points on the day. 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 closed at 81.430, down 25 points,

May 18 Cotton closed at 81.670, down 29 points

Jul 18 Cotton closed at 81.860, down 36 points




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