Cotton futures are currently 50 to 90 points higher on Thursday. This morning’s Export Sales report showed 153,270 RB in old crop sales for the week that ended May 10, close to trade estimates. That was down 20.61% from last week but 26.97% larger than the same week a year ago. New crop sales were reported at 229,335 RB. The Cotlook A index was down 5 points from the previous day to 92.05 cents/lb on May 16. The USDA Adjusted World Price for this week is 75.58 cents/lb and will be updated this afternoon.

Jul 18 Cotton is at 85.25, up 90 points,

Oct 18 Cotton is at 82.9, up 50 points

Dec 18 Cotton is at 81.55, up 86 points

Mar 19 Cotton is at 81.470, up 98 points

Market Commentary provided by:

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