Cotton

Cotton futures are mostly 30 to 37 points higher in the nearby contracts, with Mar and Oct showing no volume. Trade guesses ahead of Thursday’s USDA report show 17/18 exports 400,000 bales above the February projection at 14.9 million bales. Expected increases in exports would help to trim ending stocks for the US 500,000 to 5.5 million bales according to a Reuters survey. The Cotlook A index jumped 315 points higher from the previous day on March 6 at 94.60 cents/lb. Cash sales on the Seam were reported at 7,220 bales, with prices averaging 72.49 cents/lb.

May 18 Cotton is at 82.8, up 37 points

Jul 18 Cotton is at 82.79, up 30 points




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