Cotton Down Triple Digits as Trade War Heats Up

Cotton futures are down 152 to 246 points in most contracts at midday, after President Trump went rogue on the China trade negotiations and threatened to hike tariffs on $200 billion of Chinese goods this Friday. CFTC data showed spec traders net long 10,247 contracts in cotton futures and options on April 30, down 3,850 contracts from their previous week. The weekly Average World Price (AWP) is now 68.27 cents/lb, down 41 points from the previous week. The Cotlook A index was down 125 points from the previous day on May 3 at 84.95 cents/lb.

May 19 Cotton is at 72.4, down 238 points,

Jul 19 Cotton is at 73.22, down 246 points

Oct 19 Cotton is at 72.75, down 152 points

Dec 19 Cotton is at 72.650, down 180 points

--provided by Brugler Marketing & Management

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