Cotton Higher Ahead of USDA Export Sales

Cotton futures settled 17 to 40 points higher. Cotton exports in February were tallied at 1.484 million bales according to newly released Census data. That was 21.55% larger than January, which is a typical seasonal rise, but 25.09% lower than Feb 2018. The Cotlook A Index was down 145 points at 86.25 on April 16. The weekly Average World Price (AWP) is 69.21, 99 points higher than the previous week and effective through Thursday for USDA program purposes. The 18/19 Brazilian cotton crop is expected to be the largest since 14/15 according to Celeres, at 2.5 MMT.

May 19 Cotton closed at 78.11, up 17 points,

Jul 19 Cotton closed at 78.96, up 40 points

Oct 19 Cotton closed at 77.74, up 38 points

--provided by Brugler Marketing & Management




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