Cotton Mixed for Midday

Friday’s cotton market is firm through midday with Dec 5 points in the red. Old crop futures are off their highs, and off their intra day lows with gains limited to 10 points at midday.  

USDA’s weekly Export Sales data had cotton bookings at 185,218 RBs. That was down 45% wk/wk and 33% from the same week last year. USDA also had 96,113 RBs of new crop cotton sales from the week that ended 2/3. Accumulated cotton commitments are still 7% below last year’s pace at 12.176 MMT. 

THE Cotlook A index for 2/10 was 65 points lower to 140.40. USDA’s 2/10 DSQ report mentioned 8,797 bales were transacted, for a MYTD total of 1.353 million. The FSA updated the AWP for cotton to 117.60 c/lb, up from 116.10 c/lb last week. 

Mar 22 Cotton  is at 125.76, up 10 points,

May 22 Cotton  is at 123.31, up 11 points,

Dec 22 Cotton  is at 105.22, down 5 points