Cotton futures are trading lower with triple digit weakness through the Friday morning. Cotton futures closed off their lows by ~20 points, but were still down by 142 to 271 at the bell. The @USD dropped down close to the September 20 low, but rallied to close higher on Thursday after a GDP growth of 2.6% for Q3.
Cotton export sales were 68,437 RBs for the week that ended 10/20. That was down from 84k RBs last week and from 360.7k RBs during the same week last year. Cotton exports were 177k RBs, for a MYTD total shipment of 2.547m RBs. That is up 32% from last year’s pace.Â
The Seam reported 1,584 bales were sold on 10/26 for an average gross price of 74.82 cents. The Cotlook A index was back up by 220 points to 95.95 on Thursday morning. USDA’s AWP was 4.81 cents weaker to 68.95 cents/lb for the week. Â
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Dec 22 Cotton  closed at 75.11, down 271 points, currently down 155 points
Mar 23 Cotton  closed at 74.81, down 257 points, currently down 147 points
May 23 Cotton  closed at 74.53, down 222 points, currently down 126 points
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
