Cotton Down the Limit on Trade Fears
BRUG - Mon May 13, 12:11PM CDT

Cotton futures are trading limit lower in the 2019 contracts on Monday. Trade tensions are rising, as China is planning on raising tariffs on $60 billion of US goods to counter the US hike from last week. The Cotlook A index for May 10 was down 120 points from the previous day to 80.70 cents/lb. The weekly Average World Price (AWP) is now 64.65 cents/lb, down 3.62 cents from last week. Spec in cotton futures and options flipped their net position back to short by 15,088 contracts in the week of May 7 to -4,841 contracts.

Jul 19 Cotton is at 65.45, down 300 points,

Oct 19 Cotton is at 66.65, down 300 points

Dec 19 Cotton is at 66.4, down 300 points

Mar 20 Cotton is at 67.460, down 291 points

--provided by Brugler Marketing & Management

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