Cotton

Cotton futures are 24 lower to 21 higher this morning. They showed sharp losses in most nearby contracts on Tuesday, with deferred months slightly higher. Last week’s Cotton On Call report showed mills getting out of the rest of their unfixed call sales for March during the week of 2/23. Their unfixed sales for May totaled 33,641 contracts on that date, with the total for all months at 141,824 contracts. Trade guesses ahead of Thursday’s USDA report show 17/18 exports 390,000 bales above the February projection at 14.89 million bales. The Cotlook A index was up 25 points from the previous day on March 5 at 91.45 cents/lb. Cash sales on the Seam were reported at 20,314 bales, with prices averaging 75.09 cents/lb.




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