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Cotton #2 May '18 (CTK18)

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Brugler report

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Cotton futures are trading 86 to 150 points lower in the front months on Monday. The Cotlook A index was UNCH from the previous day on March 16 at 92.85 cents/lb. The Adjusted World Price (AWP) was updated to 75.12 cents/lb on Thursday, 99 cents above the previous week. China sold another 20,700 MT of cotton offered at an auction of state reserves on Monday, totaling 69.13% of the amount offered. Spec traders in cotton futures and options added 2,707 contracts to their net long position now at 85,046 contracts on Tuesday, March 13.May 18 Cotton is at 81.35, down 150 points,Jul 18 Cotton is at 81.6, down 138 pointsDec 18 Cotton is at 77.420, down 86 points
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