Cotton Firm at Midday

Cotton Firm at Midday

Front month cotton futures are hovering near UNCH, within 5 points on either side.

USDA reported cotton bookings from the week ending 4/8 at 122,265 RBs. That was down from 270k RBs last week and below the 5-week average. Total cotton commitments are 14.97m RBs, which trails last year’s pace by 2%.

USDA’s Daily Spot Quotations report showed just 343 bales sold in the 4/14 report. The Cotlook A index was back up by 170 points on 4/14 to 89.10 cents/lb. USDA’s AWP for cotton is 64.92 cents/lb and will be updated after the close.

May 21 Cotton  is at 84.21, up 1 point,

Jul 21 Cotton  is at 85.48, down 4 points,

Dec 21 Cotton  is at 82.66, down 5 points

Market Commentary provided by:

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