The cotton futures market is up by triple digits across the active front month contracts. The in-delivery May contract is down by 49 points so far. July is up 2.5% and December is 2% higher at midday.Â
The weekly Export Sales report showed 194,936 RBs of old crop cotton was sold during the week that ended 4/20. That was a 4-wk high, but included late reported business. The report had 19k RBs of new crop sales, setting the forward book at 1.456m. That is half of the volume at the same time last season. Old crop commitments were marked at 12.02m RBs, an 18% lag from last year’s pace.Â
The 4/26 Cotlook A Index was down by 205 points to 91.70 cents/lb. The AWP for cotton is 70.82 cents.Â
May 23 Cotton  is at 76.51, down 49 points,
Jul 23 Cotton  is at 79.87, up 151 points,
Dec 23 Cotton  is at 80.3, up 114 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. For more information please view the Barchart Disclosure Policy here.
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