Cotton futures clawed their way another 15 to 28 points higher on Friday. Exports of upland cotton were down 16.44% from last week at 278,682 RB, which was 12.69% lower than last year. Total upland export commitments through 2/22 were 19.4% larger than last year, slipping some from the previous week. They are now 98% of the USDA export projection, above the average of 84% and last year’s 98%. The Adjusted World Price or AWP was updated to 73.09 cents/lb on Thursday, up 340 points from the previous week. The Cotlook A index was up 70 points from the previous day on March 1 at 92.40 cents/lb.

Mar 18 Cotton closed at 82.720, up 15 points

May 18 Cotton closed at 82.090, up 28 points

Jul 18 Cotton closed at 82.350, up 24 points

Market Commentary provided by:

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