Cotton Market News and Commentary

Cotton futures were steady to 27 points higher on Thursday, supported by good export sales data. A stronger US dollar index limited the gains. The Cotlook A Index was UNCH at 86.90 on April 3. The new USDA Adjusted World Price (AWP) is 68.22 cents/lb, down .01 from last week. 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. Actual exports in that week totaled a MY high 410,857 RB, with 86,200 RB headed to Vietnam and 80,800 RB to Turkey. A total of 46,478 RB was shipped to China.

May 19 Cotton closed at 77.320, up 27 points,

Jul 19 Cotton closed at 78.010, up 24 points

Oct 19 Cotton closed at 76.910, up 24 points

--provided by Brugler Marketing & Management




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