Cotton Market Trading 90 to 100 Higher

Cotton futures are mostly 90 to 100 points higher to begin your Friday morning. Equity futures have rallied back from overnight lows. Cotton had been down 141 to 198 points in the front months yesterday. Cotton bookings from the week ending 03/05 were 484,229 RBs. That was the highest weekly sales since November 2017. There were also 160,359 RBs of new crop sales. Shipments from the same week totaled 424,633 RBs, which put the MYTD cotton exports at 7.470 million RBs. Accumulated cotton exports were 24.58% above last year’s pace. China has been the destination for 11.67% of the total exports on the MY. Sales on The Seam totaled 4,677 bales at an average gross price of 51.45 c/lb on Wednesday. The 03/10 Cotlook A index was down 30 points higher to 71.00 c/lb. The updated AWP for cotton was 32 points lower to 53.04 c/lb.

--- provided by Brugler Marketing & Management




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