Cotton futures closed Thursday with most contracts 13 to 94 points lower. A stronger dollar provided some pressure. Upland cotton sales in the week that ended on 12/27 totaled 228,202 RB for 18/19 and 32,208 RB for 19/20. The old crop sales were the second largest only behind the week prior as total sales were down 9.31% from a year ago. A total of 28,434 RB in net sales were reported to China in the export sales report for the week ending 12/27 which was released this morning. The Cotlook A Index was up 40 points on February 6 to 82.65 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through next Thursday, down 46 points from the previous week.
Mar 19 Cotton closed at 72.810, down 85 points, |
May 19 Cotton closed at 73.920, down 94 points |
Jul 19 Cotton closed at 75.310, down 91 points |
--provided by Brugler Marketing & Management
