Cotton

Cotton futures are mostly 31 to 62 points lower in the front months at midday, with pressure being felt from the US dollar. Export shipments of upland cotton during the week of 2/1 were reported at a MY high of 432,463 RB on Thursday. That was 41.75% larger wk/wk but down 4.34% yr/yr. Estimated world ending stocks rose 760,000 bales to 88.55 million bales, as both US and China were increased. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb this morning, which was down 195 points from the previous week. The Cotlook A index on February 8 was 86.70 cents/lb, down 25 points from the previous day.

Mar 18 Cotton is at 76, down 62 points,

May 18 Cotton is at 77.21, down 35 points

Jul 18 Cotton is at 78.19, down 31 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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