Cotton Market News and Commentary

Cotton futures are down 66 to 104 points in most contracts on Tuesday. The monthly WASDE report from USDA indicated 18/19 US ending stocks of cotton up 100,000 bales from March to 4.4 million bales on a cut to domestic usage. World carryout was up 350,000 bales to 76.44 million bales. Chinese imports were raised by 500,000 bales to 8 million. NASS reported that US cotton was 6% planted as of Sunday in their Crop Progress report. That is 1% above the average pace but 1% behind the same week last year. The Cotlook A Index was up 90 points at 87.80 on April 5. The USDA Adjusted World Price (AWP) is 68.22 cents/lb through Thursday.

May 19 Cotton is at 77.88, down 104 points,

Jul 19 Cotton is at 78.21, down 79 points

Dec 19 Cotton is at 76.500, down 66 points

--provided by Brugler Marketing & Management

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