Cotton Lower on Thursday

Cotton futures are down 39 to 77 points in the front months at midday. This morning’s Export Sales report indicated that 54,034 RB of 18/19 upland cotton was sold in the week that ended on July 11. That was more than 4 times the same week last year as Vietnam bought 34,40 RB. New crop bookings were the third largest this MY 218,900 RB. That was still down 11.63% from the same week last year, with Vietnam buying 100,900 RB. The Cotlook A index for July 17 was down 75 points from the previous day at 74.20 cents/lb. The weekly AWP is 58.05 cents/lb this week and will be updated later today.

OCT 19 Cotton is at 61.12, down 77 points,

DEC 19 Cotton is at 61.9, down 59 points

MAR 20 Cotton is at 63.1, down 52 points

MAY 20 Cotton is at 64.14, down 39 points

--provided by Brugler Marketing & Management

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