Cotton

Cotton futures finished the day with 11 to 73 point losses in most contracts. Pressure was again from the US dollar, up 445 points on the day. Friday’s Cotton Classing report showed 427,966 bales of upland cotton were classed during the week of Feb 1, bringing the total this season to 17.889 million bales. The International Cotton Advisory Committee currently estimates that the world cotton production will total 25.51 MMT in 17/18, 2.53 MMT larger than 16/17. Ending stocks are only estimated to increase 0.14 MMT to 18.88 MMT. The USDA Adjusted World Price or AWP is 71.35 cents/lb, through Thursday. The Cotlook A index on February 1 was 89.05 cents/lb, up 120 points from the previous day.

Mar 18 Cotton closed at 76.570, down 73 points,

May 18 Cotton closed at 77.900, down 71 points

Jul 18 Cotton closed at 78.840, down 62 points




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