Cotton Lower at Midday

Cotton futures are showing losses of 51 to 61 points in most actively traded nearby contracts, with Oct down 201 points. A stronger dollar is providing a little pressure. USDA’s Export Sales data on Thursday show upland cotton shipments 67% of the projected total, with the normal pace at 75%. Total commitments are now 104% of that total, with the average at 100% for this week. The Cotlook A index for May 16 was down 50 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

Jul 19 Cotton is at 66.19, down 61 points,

Oct 19 Cotton is at 65.69, down 201 points

Dec 19 Cotton is at 66.58, down 51 points

Mar 20 Cotton is at 67.560, down 59 points

--provided by Brugler Marketing & Management

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