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Cotton #2 May '18 (CTK18)

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Brugler report

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Fri Mar 23, 3:34PM CDT
Cotton futures were steady to 33 points lower on Friday. All upland cotton old crop export sales were tallied at 338,370 RB for the week of 3/15 by the USDA this morning. That was 5.27% larger than the previous week and 3.09% above this time last year. New crop sales were 147,533 RB. Shipments of all upland cotton were reported at 425,093 RB, a jump of 11.95% from this time last year. The Cotlook A index was down 50 points from the previous day on March 22 at 91.95 cents/lb. China sold another 16,000 MT of cotton offered at an auction of state reserves on Friday, totaling 53.16% of the amount offered. The Adjusted World Price (AWP) was updated to 73.92 cents/lb on Thursday, 120 points lower than the previous week.May 18 Cotton closed at 81.830, down 32 points,Jul 18 Cotton closed at 82.220, down 18 pointsOct 18 Cotton closed at 78.960, unch,
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