Cotton Market News and Commentary

Cotton futures are showing 23 to 41 point gains in most contracts on Thursday. The Cotlook A Index was UNCH at 86.90 on April 3. The USDA Adjusted World Price (AWP) is 68.23 cents/lb, good through today. US All upland cotton export sales for 18/19 during the week of March 28 were 322,140 RB, the second largest weekly total this MY. That was still 12.36% below the same week last year, as Vietnam bought 100,800 RB and China purchased 59,047 RB. New crop sales were also the second largest this MY at 151,064 RB, with China buying 118,800 RB.

May 19 Cotton is at 77.46, up 41 points,

Jul 19 Cotton is at 78.17, up 40 points

Dec 19 Cotton is at 76.480, up 23 points

--provided by Brugler Marketing & Management




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