Cotton Market News and Commentary

Cotton futures were steady to 47 points lower in the front months on Wednesday, with new crop contracts slightly higher. USDA will give us fresh export data in Thursday’s Export Sales report. The Cotlook A Index was up 55 points at 88.35 on April 9. The USDA Adjusted World Price (AWP) is 68.22 cents/lb through Thursday. On Tuesday, Chinese imports were raised by 500,000 bales, while Turkey imports were trimmed by 200,000 bales. Indian exports were cut by 300,000 bales, with Australia up 200,000 bales.

May 19 Cotton closed at 77.620, down 47 points,

Jul 19 Cotton closed at 78.460, down 1 point

Oct 19 Cotton closed at 77.500, up 16 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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