Cotton futures are mostly 35 to 43 points lower at midday. The International Cotton Advisory Committee increased their projection for 2017/18 world cotton production 0.18 MMT to 25.74 MMT. That would be 2.74 MMT larger than the previous year, as ending stocks were raised 0.34 MMT from last month to 19.24 MMT. Online cash sales dropped to 13,170 bales reported on the Seam, as prices rose 116 points to 69 cents/lb. The Cotlook A index was up 50 points on December 4 to 83.65 cents/lb.

Dec 17 Cotton is at 75.42, up 39 points,

Mar 18 Cotton is at 72.93, up 35 points

May 18 Cotton is at 73.72, up 43 points

Jul 18 Cotton is at 74.100, up 39 points

Market Commentary provided by:

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