Cotton futures are down 79 to 144 points in most contracts on Thursday. The Cotlook A Index was down 20 points on March 12 to 81.55 cents/lb. The USDA Adjusted World Price (AWP) is 63.42 cents/ lb and will be updated later today. This morning’s USDA report indicated that US exporters sold 166,125 RB of old crop upland cotton in the week of 3/7. That was up 45.69% from last week but still 48.31% below that week last year. China purchased 49,269 RB of that total, with Turkey buying 35,400 RB. New crop sales totaled 23,008 RB, with China buying 18,966 RB. A total of 27,338 bales traded on The Seam on Wednesday, with an average price of 68.09 cents/lb.
May 19 Cotton is at 74.28, down 144 points,
Jul 19 Cotton is at 75.49, down 132 points
Dec 19 Cotton is at 73.800, down 79 points
--provided by Brugler Marketing & Management