Cotton Market Down Double Digits

Friday cotton is trading with midday losses of 43 to 85 points in the front months. Cotton sales from the weekly Export Sales report were 277,091 RBs. That was 19% lower wk/wk but 27% higher yr/yr. China accounted for 16.2% of the week’s sales, compared to their MY average of 8.9% of the total (not counting cancelled sales). The Better Cotton Initiative has withdrawn activities in the Xinjiang province of China over concerns of “forced labor allegations”. The 03/26 Cotlook A index was back up 50 points to 63.55 c/lb. The AWP for cotton was 496 points lower than the previous week, at 44.99.

May 20 Cotton is at 52, down 78 points,

Jul 20 Cotton is at 52.04, down 79 points

Oct 20 Cotton is at 53.86, down 85 points

Dec 20 Cotton is at 54.18, down 43 points

--- provided by Brugler Marketing & Management




Market Commentary provided by:

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