Cotton Gaining at Midday

March cotton contracts are in the red so far, but the rest of the board is 9 to 11 points higher. Cotton bookings from the weekly Export Sales update were 119,515 RBs. That was down 57% on the wek and was 66% below the same week last year. China booked 37% of the total sales on the week, and accounts for 45% of the MYTD shipments - @ 3.377m RBs and 7.46m RBs respectively. The Cotlook A index was 50 points higher to 95.10 cents for Feb 18. The week’s new AWP for cotton is 73.13 cents/lb, another 2.81 cents higher wk/wk.

Mar 21 Cotton is at 88.64, down 9 points,
May 21 Cotton is at 90.4, up 10 points
Jul 21 Cotton is at 91.15, up 11 points
Dec 21 Cotton is at 85.19, up 11 points

--- provided by Brugler Marketing & Management

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