Cotton

Cotton futures ended the day with most contracts steady to 66 points higher. All upland cotton old crop export sales were reported at 402,411 RB during the week of Feb 1. That was the second largest weekly total this MY and 93.41% above the same week last year. There was also 118,509 MT reported for new crop, a MY high. The USDA Cotton Ginnings report showed 18.689 million RB ginned as of Feb 1. That was 1.259 million RB more than the previous mid-January report. The US supply and demand table saw US exports cut 300,000 bales to 14.5 million bales. That cause ending stocks to increase that same amount to 6 million bales. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb this morning, which was down 195 points from the previous week. The Cotlook A index on February 7 was 86.95 cents/lb, down 25 points from the previous day.

Mar 18 Cotton closed at 76.620, up 66 points,

May 18 Cotton closed at 77.560, up 27 points

Jul 18 Cotton closed at 78.500, up 19 points




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