Cotton Market News and Commentary

Cotton futures saw 15 to 83 point losses 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. On Monday, there was 19,053 bales traded on The Seam, with the average price at 73.58 cents/lb. 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 closed at 78.090, down 83 points,

Jul 19 Cotton closed at 78.470, down 53 points

Oct 19 Cotton closed at 77.340, down 25 points

--provided by Brugler Marketing & Management

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