Cotton Market Mixed Ahead of Weekend

Cotton futures are 4 points lower to 6 points higher this morning. On Thursday cotton futures were 5 to 39 points stronger at the close. Cotton export sales were net negative by 68,537 RBs for old crop. New crop sales were 130,762 RBs on the week ending July 30. Total forward sales are sitting at 3.68m RBs through July 30. Of the total forward bookings, 35% is to China. WTD sales reported on The Seam were 47,332 bales at a wtd av price of 56.99 cents/lb. Certified stocks are firm at 6,800 bales as of August 4. The Cotlook A index was steady at 70.35 cents/lb on Aug 5. The updated AWP for cotton is 1.73 cents higher to 49.44 cents/lb. The week’s new LDP is 2.56 cents/lb.

--- provided by Brugler Marketing & Management




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