Cotton

Cotton futures were mostly 9 to 32 points lower on Thursday. All upland cotton 17/18 export sales increased nearly 63.95% from the previous week but lagged last week by 25.57% at 253,182 RB. Most of the sales went to Vietnam at 61,600 RB and Bangladesh with 61,500 RB purchased. There was an additional sale of 8,000 RB for 18/19 delivery to China. Exports of upland cotton were reported at 86,125 RB. All pima sales totaled nearly 17,500 RB, 20% lower than last week. The Adjusted World Price (AWP) was updated to 59.73 cents/lb, down 71 points from the previous week. The Cotlook A index for October 17 was 15 points higher at 77.85 cents/lb.

Dec 17 Cotton closed at 67.310, down 32 points,

Mar 18 Cotton closed at 67.010, down 32 points

Jul 18 Cotton closed at 68.740, down 21 points




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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