Cotton

Cotton futures were 1 to 39 points lower in the front months, as traders are continuing to take profits. Back months were higher. The US dollar index showed strength at the end of the day, up 154 points on profit taking. Support also came from President Trump stating he would like to see a stronger dollar. Imports of cotton, according to Chinese customs data totaled 100,415 MT during December, down 27.77% from December 2016. There was 35,044 MT from the US, 23.54% lower than the same month last year. The Adjusted World Price was updated by USDA to 75.30 for the week that ends next Thursday, up 85 points from the previous week. Online cash sales on the Seam totaled 13,854 bales on Wednesday, with prices up 457 points, averaging 72.39 cents/lb.

Mar 18 Cotton closed at 81.880, down 39 points,

May 18 Cotton closed at 82.580, down 33 points

Jul 18 Cotton closed at 83.060, down 30 points




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