Cotton futures finished the day with most contracts 8 to 35 points in the red. The Cotlook A index was down 50 points from the previous day on March 12 at 93.90 cents/lb. Cash sales on the Seam were reported at 2,272 bales on Monday, with prices averaging 70.73 cents/lb. The Adjusted World Price (AWP) was updated to 74.13 cents/lb, down 104 points from last week. Brazil is expected to plant 2.923 million acres of cotton in 17/18, nearly 26% above 16/17 according INTL FCStone. China sold 24,300 MT of the near 30,000 MT offered at an auction of state reserves on Tuesday.

May 18 Cotton closed at 82.980, down 30 points,

Jul 18 Cotton closed at 82.860, down 35 points

Oct 18 Cotton closed at 79.570, down 31 points

Market Commentary provided by:

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