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Cotton #2 May '19 (CTK19)

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Cotton #2 Futures Market News and Commentary

Cotton Lower on Wednesday

Cotton futures were down 45 to 72 points in most contracts on Wednesday. USDA will release their weekly update to the Export Sales report on Thursday, with most eyes on Chinese actions in the reporting week that ended on May 16. The Cotlook A index for May 21 was up 220 points from the previous day to 78.8 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week. Cotton producers would also see more MFP money in the aid package being considered by the White House, but details on the level have not been made public. Jul 19 Cotton closed at 66.750, down 57 points, Oct 19 Cotton closed at 66.750, down 45 points Dec 19 Cotton closed at 66.180, down 72 points --provided by Brugler Marketing & Management
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