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Cotton #2 May '18 (CTK18)

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Brugler report

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Tue Mar 20, 11:55AM CDT
Cotton futures are posting 29 to 148 point gains in most contracts on Turnaround Tuesday. Last week’s CFTC Cotton on Call report showed mills trimming their May unfixed call sales position by 1,039 contracts to 31,952 contracts as of March 9. The Cotlook A index was down 75 points from the previous day on March 19 at 92.10 cents/lb. The Adjusted World Price (AWP) was updated to 75.12 cents/lb last Thursday. China sold another 18,001 MT of cotton offered at an auction of state reserves on Tuesday, totaling 59.95% of the amount offered.May 18 Cotton is at 82.71, up 148 points,Jul 18 Cotton is at 82.86, up 134 pointsOct 18 Cotton is at 79.25, up 95 pointsDec 18 Cotton is at 77.580, up 29 points
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