Cotton Lower on Light Export Data
BRUG - Thu Jun 06, 12:25PM CDT

Cotton futures are showing 65 to 117 point losses in most contracts at midday. All upland cotton export sales totaled 182,316 RB for 18/19 during the week that ended on May 30, with China at net reductions of 8,997 RB and India buying 144,900 RB. New crop sales totaled just 51,625 RB. Monthly trade data from Census showed 1.759 million bales in export during April. That is the third largest April total on record but well behind last year’s record. The Cotlook A index for June 5 was down 50 points from the previous day to 79.85 cents/lb. The weekly Average World Price (AWP) is now 61.51 cents/lb through next Thursday, up 20 points from the previous week.

Jul 19 Cotton is at 68.08, down 66 points,

Oct 19 Cotton is at 66.32, down 117 points

Dec 19 Cotton is at 66.16, down 65 points

Mar 20 Cotton is at 66.730, down 67 points

--provided by Brugler Marketing & Management

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