So far through midday, the cotton futures market is adding 39 to 72 points to the upside. The market is looking to finish the week with a green candle.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 updated AWP for is 66.53 cents/lb. That compares to 70.82 cents last week.Â
May 23 Cotton  is at 80.82, up 219 points,
Jul 23 Cotton  is at 80.76, up 36 points,
Dec 23 Cotton  is at 81.21, up 59 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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