Cotton

Cotton futures are modestly mixed on Tuesday, with front month March up 2 points. One CNBC headline put the global loss from Monday’s selloff in paper value at $4 trillion. That said, there is now a lot of cash sitting on the sidelines looking for someplace to go. The International Cotton Advisory Committee currently estimates that the world cotton production will total 25.51 MMT in 17/18, 2.53 MMT larger than 16/17. Ending stocks are only estimated to increase 0.14 MMT to 18.88 MMT. The USDA Adjusted World Price or AWP is 71.35 cents/lb, through Thursday. The Cotlook A index on February 1 was 88.10 cents/lb, down 95 points from the previous day.

Mar 18 Cotton is at 76.59, up 2 points,

May 18 Cotton is at 77.85, down 5 points

Jul 18 Cotton is at 78.76, down 8 points




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