Cotton

Cotton futures are trading 26 to 52 points higher this morning. They posted steady to slightly mixed trade on Thursday. Thursday morning's USDA Export Sales report showed export shipments of upland cotton were just 312,768 RB. That was a drop of 32% from a week ago, but still 20.56% above this week in 2017. All upland cotton export commitments are still 14.8% above the same time last year despite the cancelation in sales. The Cotlook A index was down anther 395 points from day prior at 93.00 cents/lb on June 20. The weekly AWP was updated to 78.23 cents/lb for this next week, down 476 points from the week prior.




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