Cotton

Cotton futures clawed their way another 15 to 28 points higher on Friday. Exports of upland cotton were down 16.44% from last week at 278,682 RB, which was 12.69% lower than last year. Total upland export commitments through 2/22 were 19.4% larger than last year, slipping some from the previous week. They are now 98% of the USDA export projection, above the average of 84% and last year’s 98%. The Adjusted World Price or AWP was updated to 73.09 cents/lb on Thursday, up 340 points from the previous week. The Cotlook A index was up 70 points from the previous day on March 1 at 92.40 cents/lb.

Mar 18 Cotton closed at 82.720, up 15 points

May 18 Cotton closed at 82.090, up 28 points

Jul 18 Cotton closed at 82.350, up 24 points




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