Cotton

Cotton futures are trading 43 to 91 points higher at the moment, despite a sharply higher US dollar index. Thursday’s CFTC Cotton on Call report showed mills trimming their unfixed call sales for July by 3,090 contracts. As of May 18 they still had 46,553 contracts for July. Upland cotton export commitments are now 18.8% ahead of last year and 112% of the full year export estimate. Most years commitments would be 99% of WASDE figure by now. China sold another 30,008 MT of cotton offered at an auction of state reserves on Thursday. The Cotlook A index was down 45 points from the previous day to 94.45 cents/lb on May 24. The AWP was updated to 76.33 cents/lb on Thursday, up 2.24 cents/lb from the previous week.

Jul 18 Cotton is at 88.37, up 91 points,

Oct 18 Cotton is at 86.73, up 43 points

Dec 18 Cotton is at 86.38, up 83 points

Mar 19 Cotton is at 85.870, up 73 points




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