Cotton

Cotton futures settled the Tuesday session with most contracts steady to slightly lower. The USDA ag attach estimates Indonesia’s cotton imports 3.391 million bales for 2016/17, which is up from 2.941 million bales in 2015/16. The number for 2017/18 imports is projected at 3.4 million bales. The FAS estimates that the imports from the US totaled 304,000 MT, which covers about 41.14% of the total. 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 closed at 74.960, down 7 points,

Mar 18 Cotton closed at 72.510, down 7 points

Jul 18 Cotton closed at 73.710, unch,




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