Cotton Market Lower Amid Broad Ag Selling

Cotton futures are trading 43 to 67 points lower this morning. They were down 23 to 47 points in most contracts on Wednesday. The US dollar index was higher on Wednesday but is considerably weaker this morning. The Cotlook A index for June 4 was up 125 points from the previous day to 80.35 cents/lb. The weekly Average World Price (AWP) is 61.31 cents/lb through Thursday. The latest CFTC On Call report (June 1) showed merchants with 35,650 unfixed call sales tied to the July contract, with 2,881 unfixed call purchases

--provided by Brugler Marketing & Management




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