Cotton Higher After Decent Export Sales Numbers

Cotton futures are mostly 30 to 50 points higher, with thinly traded Oct down 29 points. The weekly USDA Export Sales report showed 266,919 RB in old crop upland cotton sales in the week that ended on May 9. That was 48.05% larger than a year ago, as China bought a net 4,798 RB. Turkey was the lead buyer of 70,700 RB, with India at 55,800 RB in purchases. New crop sales totaled a 5 week high 176,447 RB. The Cotlook A index for May 14 was up 135 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 64.65 cents/lb, down 3.62 cents from last week.

Jul 19 Cotton is at 66.85, up 50 points,

Oct 19 Cotton is at 67.4, down 29 points

Dec 19 Cotton is at 67.19, up 30 points

Mar 20 Cotton is at 68.270, up 45 points

--provided by Brugler Marketing & Management




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