Cotton Market Cautiously Lower Ahead of Export Sales

Cotton futures are trading 1 to 14 points lower this morning. They saw traders taking money off the table ahead of the July 4th Holiday, with March up 3 points on Wednesday but active December down 4. May trade data released by Census indicated cotton exports of 1.831 million bales for the month. That was a 8.23% drop from last year’s record but up 4.12% from April. The Cotlook A index for July 2 was UNCH from the previous day at 77.60 cents/lb. The USDA AWP was 58.32 cents/lb through Thursday, with Federal offices closed for the 4th.

--provided by Brugler Marketing & Management




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