Cotton

Cotton futures ended Tuesday with losses of 9 to 52 points in most contracts. Friday’s USDA cotton classing report showed 1.128 million bales of cotton classed as upland for the week ending 12/21, bringing the 2017 crop total to 14.295 million bales. China imported 72,363 MT of cotton during November, 31.69% larger than a year ago. Of that total 12,756 MT was from the US, 30.04% lower than November 2016. The Cotlook A index was 210 points higher from the day prior on December 22 to 88.60 cents/lb. Online cash sales of 14,080 bales reported by the Seam averaged 70.88 cents/lb on December 22, 68 points lower than the previous day.

Mar 18 Cotton closed at 77.430, down 44 points,

May 18 Cotton closed at 77.520, down 52 points

Oct 18 Cotton closed at 74.960, down 17 points




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