Cotton Pulls Back at Midday

Cotton futures are trading 8 to 14 points lower so far. Futures were 45 to 51 points in the black at the closing bell on Wednesday. USDA’s weekly Export Sales update had cotton bookings at 233,751 RBs for the week ending 9/24. That was 152% above las week and 51% higher yr/yr. The report also showed 2021/22 activity, with Mexico purchasing 16,300 RBs for NMY delivery. Exports from the week were reported at 218,197 RBs, which brought the MY total to 2.2 million. USDA’s Daily Spot Quotations report noted 5,831 bales sold on 9/30 for an average price of 60.15 cents/lb. The online cotton trading platform The Seam reported 1,249 bales sold on Tuesday for 53.25 cents/lb. The Cotlook A index was 71.15 c/lb on Sept 29, that was 15 points weaker. The AWP for cotton is 50.45 cents/lb, the LDP is 1.55 cents. Both will be updated after the close.

Oct 20 Cotton is at 64.49, unch

Dec 20 Cotton is at 65.67, down 12 points

Mar 21 Cotton is at 66.44, down 10 points

May 21 Cotton is at 67.19, down 8 points

--- provided by Brugler Marketing & Management




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