Cotton futures are trading 40 to 136 points higher ahead of the weekend. A weaker US dollar index is supportive. The Cotlook A Index was up 95 points on March 14 to 84.30 cents/lb. The USDA Adjusted World Price (AWP) was updated to 64.10 cents/ lb on Thursday, up 68 points from the week prior. Export Commitments for 18/19 upland cotton are now 11.8% below a year ago as sales have been lagging. They are 88% of USDA’s projection, just 1% below the average pace.
May 19 Cotton is at 75.66, up 136 points,
Jul 19 Cotton is at 76.75, up 130 points
Dec 19 Cotton is at 74.460, up 40 points
--provided by Brugler Marketing & Management