Cotton Market Up 65 Plus on Improved Weekly Export Sales

Cotton futures were up 36 to 120 points in most contracts on Thursday. All old crop upland cotton export sales were reported at 238,967 RB by the USDA this morning. That was up 9.84% wk/wk but down 23.4% from this time last year. Turkey was the top buyer of 88,400 RB, with 74,600 RB for India. Chinese purchases totaled 13,095 RB. New crop sales were shown at 48,928 RB, with 17,600 MT to China. Actual shipments for the week of 4/18 totaled 317,980 RB, down 24.35% from the same week last year. The Cotlook A Index was down 55 points at 87.20 on April 24. The weekly Average World Price (AWP) was updated on Thursday to 68.68, down 20 points from last week.

May 19 Cotton closed at 76.97, up 120 points,

Jul 19 Cotton closed at 78.32, up 120 points

Oct 19 Cotton closed at 76.88, up 71 points

Dec 19 Cotton closed at 76.71, up 65 points,

--provided by Brugler Marketing & Management

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