Cotton

Cotton futures are mostly 55 to 81 points higher on Friday, with thinly traded Oct up 120 points. Thursday’s cotton on call report showed mills unfixed call sales position at 15,195 contracts as of 6/15. That was 10,602 contracts below the previous week. All upland cotton export commitments are still 14.8% above the same time last year despite the cancelation in sales. The Cotlook A index is up 40 points from day prior at 93.40 cents/lb on June 21. The weekly AWP was updated to 78.23 cents/lb for this next week, down 476 points from the week prior. China sold 10,000 tonnes of cotton at an auction of state reserves on Friday, representing 33% of the cotton available.

Jul 18 Cotton is at 83.76, up 55 points,

Oct 18 Cotton is at 86.5, up 120 points

Dec 18 Cotton is at 85.1, up 81 points

Mar 19 Cotton is at 84.710, up 75 points




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