Cotton Lower Again on Friday

Cotton futures are showing another day of triple digit losses in the front month, posting the lowest price since May 2016. Other nearby contacts are 27 to 67 points lower. Total upland cotton export commitments are now 110% of USDA’s projection, compared to the 104% average, as shipments are behind normal pace (87%) at 80%. The Cotlook A index for June 20 was up 40 points from the previous day to 77.90 cents/lb. The weekly Average World Price (AWP) from USDA is now 59.14 cents/lb through next Thursday, up 17 points from the previous week.

Jul 19 Cotton is at 61.7, down 151 points,

Oct 19 Cotton is at 64.83, down 67 points

Dec 19 Cotton is at 65.62, down 34 points

Mar 20 Cotton is at 66.450, down 31 points

--provided by Brugler Marketing & Management




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