Cotton

Cotton futures finished the day 41 to 87 points in the green. 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 were also 104,632 RB in new crop sales, which is the largest new crop sales total this MY. Exports of upland cotton were tallied at 289,866 RB, a MY high. A majority of those shipments were to China at 100,000 RB. CFTC data on Friday showed Managed money adding 4,216 contracts to their net long position as of Tuesday to 108,778 contracts. 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 closed at 83.420, up 79 points,

May 18 Cotton closed at 83.790, up 80 points

Jul 18 Cotton closed at 84.230, up 87 points




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