Cotton futures posted triple digit losses on Tuesday. Asset allocation models pared down positions in some of last year’s winners, which included cotton. The dollar was still down hard and supporting export potential by trading at the lowest level since September. The USDA Adjusted World Price (AWP) was increased 262 points to 70.62 cents/lb on Thursday. The Cotlook A Index for the 29th was UNCH at 89.60.

Mar 18 Cotton closed at 77.500, down 113 points,

May 18 Cotton closed at 77.770, down 119 points

Jul 18 Cotton closed at 78.140, down 110 points

Market Commentary provided by:

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