Cotton

Cotton futures are 68 to 72 points higher on Friday. Upland cotton sales totaled 275,060 RB in this morning’s USDA Export Sales report. That was slightly above last week but 20.62% below this week last year. There was also 104,632 RB in new crop sales, which is the largest new crop sales total this MY. 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) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was up 75 points from the previous day at 92.85 cents/lb.

Mar 18 Cotton is at 83.35, up 72 points,

May 18 Cotton is at 83.7, up 71 points

Jul 18 Cotton is at 84.04, up 68 points




Market Commentary provided by:

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