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Cotton #2 Jul '18 (CTN18)

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Brugler report

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Thu Apr 26, 11:56AM CDT
Cotton futures are trading 8 to 31 points in the green at midday. This morning’s SDA 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. Sales of Pima were shown at 6,000 RB. 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 is at 85, up 24 points,Jul 18 Cotton is at 84.1, up 16 pointsOct 18 Cotton is at 81.2, up 31 pointsDec 18 Cotton is at 79.070, up 8 points
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