Cotton

Cotton futures ended the day with most contracts 13 to 46 points lower, as October was higher on thin trade. This afternoon’s USDA Crop Progress report indicated 8% of US cotton acreage was planted on April 15. That moved 1% from the previous week, as it is even with last year and 1% above average. The USDA Adjusted World Price (AWP) is 74.32 cents/lb through Thursday. The Cotlook A index was down 10 points from the previous day at 92.95 cents/lb. Cash sales of 14,450 bales were reported at an average price of 73.27 cents/lb on Friday.

May 18 Cotton closed at 83.250, down 16 points,

Jul 18 Cotton closed at 83.220, down 13 points

Oct 18 Cotton closed at 79.220, up 11 points




Market Commentary provided by:

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