Thursday Losses for Front Month Cotton

Cotton futures trading ended the Thursday session with 17 to 35 point losses. Upland cotton export sales from USDA’s weekly update were 288,693 RBs. That was 27% above LW and 105% higher yr/yr. Sales to the PRC were 28% of the total with 81,394 RBs. Cotton export shipments from the report were 228,801 RBs bringing the MY total to 2.93 million bales. USDA’s Spot Cotton Quotations report showed a light 1,038 bales sold at an average price of 65.07 cents/lb on 10/29. The Cotlook A index for the 28th was 5 points higher at 78.40 cents/lb. The AWP for cotton is 55.71 cents/lb, which will be updated after the close.

Dec 20 Cotton closed at 69.82, down 35 points,

Mar 21 Cotton closed at 70.8, down 23 points

May 21 Cotton closed at 71.49, down 21 points

Jul 21 Cotton closed at 71.99, down 17 points

--- provided by Brugler Marketing & Management

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