Cotton Market News Limited

Cotton is trading 11 to 28 points lower on ICE this morning. Futures were 41 to 59 points lower in the front months on Wednesday. The Crop Progress report indicated that TX planting progress was 48% planted (4% above normal), with GA 76% complete vs. the 68% average. The Cotlook A index for May 28 was up 100 points from the previous day to 79.50 cents/lb. The weekly Average World Price (AWP) is now 59.37 cents/lb, down 14 points from last week. The release of the weekly Export Sales report is pushed back until Friday due to Monday’s holiday.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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