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Cotton #2 Mar '18 (CTH18)

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Brugler report

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Fri Nov 24, 3:11PM CST
Cotton futures settled the shorter Friday trade session with gains of 50 to 149 points in the nearby contracts. The US dollar was down 432 points on the day. Customs data from China shows 78,128 MT in October imports, with 17,049 MT was sourced from the US. The USDA reported 17/18 upland cotton export sales of 357,026 RB, down from the previous week but still 40.1% above this time last year. Pakistan was the lead buyer, purchasing 109,900 RB. Sales for 18/19 picked up to 43,121 RB. Shipments of upland cotton were reported at a marketing year low of 85,560 RB. The Cotton Ginnings report showed that the US had ginned 7.927 million bales as of November 15. That was a move of 2.96 million bales over the previous report and 6% larger than last year for the same time. The Cotlook A index was down 75 points to 80.75 cents/lb.Dec 17 Cotton settled at 72.230, up 149 points,Mar 18 Cotton settled at 71.930, up 79 pointsMay 18 Cotton settled at 72.820, up 84 pointsOct 18 Cotton settled at 71.530, up 50 points
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