Cotton Futures Close in Red

The Thursday cotton market came back from midday losses, but they were still 5 to 10 points lower. Cotton export sales from USDA’s weekly update were even with the same week last year at 178,427 RBs. The top buyers were Vietnam with 125,500 running bales and China with 26,700 RBs. The report also noted that Bangladesh rolled 14,000 RBs for 2021/22 delivery. Sales reported on The Seam for Wednesday were 8,848 bales at an av gross price of 60.23 cents/lb. The Cotlook A index for 10/07 was another 75 points higher to 72.30 cents/lb. The Adjusted World Price for cotton was 51.48 cents/lb, up from 50.67 LW. That set the LDP at 52 points for the week.

Dec 20 Cotton closed at 67.49, down 10 points,

Mar 21 Cotton closed at 68.26, down 9 points

May 21 Cotton closed at 68.9, down 5 points

Jul 21 Cotton closed at 69.32, down 7 points

--- provided by Brugler Marketing & Management

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