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Cotton #2 Mar '18 (CTH18)

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Brugler report

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Thu Dec 14, 4:20PM CST
Cotton futures posted triple digit gains in most nearby contracts, with back months 14 to 41 points higher. This morning’s Export Sales report showed 259,661 RB in old crop upland cotton sales, a jump of 39.17% over last week but down 16.69% from last year. Turkey purchased the largest amount of old crop at 63,300 RB, with Vietnam buying 59,500 RB. There was an additional 35,992 RB in new crop upland sales. Export shipments of upland fell 32.5% from last week at 166,568 RB, which was 23.72% lower than a year ago. Pima sales totaled 10,100 RB. The USDA Adjusted World Price (AWP) was updated to 65.95 cents/lb, 92 points higher than the previous week. The Cotlook A index was unchanged from the previous day to 83.45 cents/lb on December 13.Mar 18 Cotton closed at 75.330, up 120 points,May 18 Cotton closed at 75.630, up 108 pointsOct 18 Cotton closed at 73.570, up 41 points
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