Cotton Settles Lower on 25% Weekly Export Drop
BRUG - Thu Apr 18, 4:42PM CDT

Cotton futures closed 61 to 80 points lower on Thursday. The markets will be closed on Friday. USDA reported old crop upland cotton export sales were down 25% from the previous week at 217,600 RB, with 20,600 RB booked for 2019/20. The Cotlook A Index was up 150 points at 87.75 on April 17. The new weekly Average World Price (AWP) is 68.88, down 33 points from the previous week and effective through Thursday. USDA ag attach reports suggest that Chinese cotton imports will rise 200,000 MT to 2.0 MMT in 2019/20 and that Egyptian imports will rise 2% for the same year due to sharply reduced 2019 plantings.

May 19 Cotton closed at 77.31, down 80 points,

Jul 19 Cotton closed at 78.27, down 69 points

Oct 19 Cotton closed at 77.23, down 51 points

--provided by Brugler Marketing & Management




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