Cotton Posts Losses on Thursday

Cotton futures were down 65 to 101 points in the front months on Thursday. 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 34,400 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. Weekly shipments were shown at 310,285 RB, as just 7,641 RB went to China. That was down 6.88% from last week and 36.5% larger than the same week last year. 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 closed at 60.88, down 101 points,

DEC 19 Cotton closed at 61.71, down 78 points

MAR 20 Cotton closed at 62.81, down 81 points

MAY 20 Cotton closed at 63.88, down 65 points

--provided by Brugler Marketing & Management

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