Cotton Market News and Commentary

Cotton futures are trading 46 to 56 points higher in most contracts on Thursday, with back months slightly lower. The Cotlook A Index was up 50 points on March 19 to 84.65 cents/lb. The USDA Adjusted World Price (AWP) was updated to 65.83 cents/ lb on Thursday, up 173 points from the week prior. The weekly Export Sales report by the USDA this morning showed sales of 124,985 RB for old crop cotton, with new crop at 32,824 RB. Vietnam purchased 84,700 RB for old crop, with China cancelling a net 11,636 RB. China was the lead buyer of new crop at 15,400 RB, with Pakistan at 8,900 RB.

May 19 Cotton is at 76.06, up 56 points,

Jul 19 Cotton is at 77.02, up 46 points

Dec 19 Cotton is at 74.940, down 5 points

--provided by Brugler Marketing & Management




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