Cotton Market Down 10 on Stronger Dollar

Cotton futures are 10 to 27 points lower at midday. USDA reported that 288,975 RB of 18/19 upland cotton was sold during the week of 4/4, with 43,598 RB to China. That was the third largest weekly sales this MY, and up 61.12% from the same week in 2018. It was down 105 from last week, however. The US dollar is also stronger. Vietnam was the top buyer of 91,700 RB, with India purchasing 70,000 RB. New crop sales were tallied at a MY high 205,917 RB, as China purchased 36,520 RB and 131,200 RB was sold to Vietnam. The Cotlook A Index was down 65 points at 87.70 on April 10.

May 19 Cotton is at 77.52, down 10 points,

Jul 19 Cotton is at 78.19, down 27 points

Dec 19 Cotton is at 76.83, down 19 points

--provided by Brugler Marketing & Management




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