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Cotton #2 Jul '18 (CTN18)

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Brugler report

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Thu Apr 26, 4:52PM CDT
Cotton futures finished the Thursday session with nearby contracts 23 points higher and back months lower. This morning’s USDA Export Sales report indicated that 311,973 RB of old crop upland cotton was sold in the week of 4/19. That was a 7.48% jump from last week and is 170% larger than last year. New crop sales were reported at a MY high of 259,335 RB. Shipments of upland were reported at 421,431 RB, 16.43% above last week and 39.37% larger than last year. The Cotlook A index was down 2.50 cents from the previous day on April 25 to 90.70 cents/lb. The Adjusted World Price was updated to 74.25 cents/lb this morning, 9 points above the previous week.May 18 Cotton closed at 84.990, up 23 points,Jul 18 Cotton closed at 84.170, up 23 pointsOct 18 Cotton closed at 80.420, down 47 points
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