Cotton

Cotton futures are trading 60 to 68 points higher on Thursday, with support coming from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. The weekly Export Sales report will be delayed until Friday due to Monday’s Holiday. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP), is 71.21 cents/lb, and will be updated later today per usual. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Mar 18 Cotton is at 82.74, up 60 points,

May 18 Cotton is at 83.07, up 68 points

Jul 18 Cotton is at 83.26, up 66 points




Market Commentary provided by:

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