Cotton futures are showing mixed trade on Monday, as Dec is up 19 points and back months are lower. Total commitments of upland cotton exports are now 70% of the full year USDA estimate. The average for this time of year is 55%, with last year running 48%. The Cotton Ginnings report showed that the US had ginned 7.927 million bales as of November 15. That was a jump of 2.96 million bales over the previous report and 6% larger than last year for the same time. The Cotlook A index was unchanged from the previous day points to 81.60 cents/lb on November 24.
Dec 17 Cotton is at 72.42, up 19 points, |
Mar 18 Cotton is at 71.82, down 11 points |
May 18 Cotton is at 72.72, down 10 points |
Jul 18 Cotton is at 73.200, down 8 points |