Cotton Higher at Midday

Cotton futures are trading 79 to 103 points higher in most contracts on Friday, with a little help from the outside markets. The US dollar index is down 275 points at midday, with crude oil back up 40 cents/barrel. USDA data shows cotton export shipments at 70% of USDA’s projected total, with the average pace at 78%. Including the unshipped sales, total commitments are 107% of that projection, with the average pace at 101%. The Cotlook A index for May 23 was down 55 points from the previous day to 77.75 cents/lb. The weekly Average World Price (AWP) is now 59.37 cents/lb, down 14 points from last week.

Jul 19 Cotton is at 68.45, up 97 points,

Dec 19 Cotton is at 67.63, up 80 points

Mar 20 Cotton is at 68.350, up 79 points

--provided by Brugler Marketing & Management




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