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Cotton #2 May '18 (CTK18)

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Brugler report

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Tue May 22, 4:35PM CDT
Cotton futures were down 25 to 60 points in most contracts on Tuesday. After gaining 5.5% in the past week, July was 107 points lower on profit taking. Texas was shown at 43% planted, with Georgia at 56% complete in Monday’s Crop Progress report. Next week’s report will show progress for squaring. China sold all 30,000 MT of cotton offered at an auction of state reserves on Tuesday. The Cotlook A index was up 120 points from the previous day to 94.45 cents/lb on May 21.Jul 18 Cotton closed at 87.350, down 107 points,Oct 18 Cotton closed at 85.200, down 60 pointsDec 18 Cotton closed at 83.840, down 32 points
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