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Cotton #2 May '18 (CTK18)

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All Futures Contracts for [[ item.sessionDateDisplayLong ]]

Brugler report

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Cotton futures are trading 15 to 20 cent higher this morning. They posted Turnaround Tuesday gains of 97 to 185 points, despite a sharp 666 point gain in the US dollar index. The Cotlook A index was down 75 points from the previous day on March 19 at 92.10 cents/lb. The Adjusted World Price (AWP) was updated to 75.12 cents/lb last Thursday. The Seam reported cash sales of 5,722 bales, on Monday, with the average price down 4 points to 72.47 cents/lb. China sold another 18,001 MT of cotton offered at an auction of state reserves on Tuesday, totaling 59.95% of the amount offered.
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