Cotton futures are buying and selling forty seven to 132 factors decrease this morning. They have been combined on the Thursday close, with July up 323 factors. New crop Dec became down ninety six factors. Outside markets have been supportive, with crude up $2.06 cents and the greenback down 947 factors (11-day low).
Upland cotton export income withinside the week of May 12 totaled 110,914 RB for antique crop. The biggest antique crop customer became India at 34,one hundred RB. New crop bookings have been 25,431 RB, a 20-week low. Export shipments have been at 343,189 RB. The biggest vacation spot became China at 101,six hundred RB. Total export commitments are actually 107% of the USDA projected US cotton export total, matching the everyday tempo through exporters.
The Cotlook A index became 245 factors decrease on 5/18 at 167.00. USDA the cotton AWP to 143.24 cents/lb today, up 242 factors from final week. It is in impact via subsequent Thursday.
- Jul 22 Cotton closed at 147.7, up 323 factors, they’re down 132 factors this morning.
- Dec 22 Cotton closed at 128.22, down ninety six factors, they’re down fifty four factors this morning.
- Mar 23 Cotton closed at 123.93, down 18 factors, they’re down sixty two factors this morning.
