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Cotton #2 Mar '19 (CTH19)

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[[ timeframe ]] futures price quotes as of Thu, Dec 13th, 2018.
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Cotton #2 Futures Market News and Commentary


Cotton futures are trading 9 to 19 points lower ahead of the weekly Export Sales report. They were 5 to 25 points lower in the front months at settlement on Wednesday. This morning’s USDA Export Sales report will show data from the week following a US and China “90-day truce,” where China agreed to buy more US ag goods. USDA did trim China’s 18/19 usage number on Tuesday by 1 million bales to 41.5 million. They also raised Pakistan imports by 300,000 bales on lower domestic production. The Cotlook A index was down 25 points from the previous day on Dec 11 at 88.25 cents/lb. The weekly USDA AWP is 69.34, effective through today.--provided by Brugler Marketing & Management
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