Cotton Market 21 to 67 Lower Overnight
BRUG - Fri May 17, 7:28AM CDT

Cotton futures are trading 21 to 67 points lower this morning. They settled the Thursday session with most contracts steady to 45 points higher. The weekly USDA Export Sales report showed 266,919 RB in old crop upland cotton sales in the week that ended on May 9. That was 48.05% larger than a year ago, as China bought a net 4,798 RB. Turkey was the lead buyer of 70,700 RB, with India at 55,800 RB. New crop sales totaled a 5 week high 176,447 RB. Shipments slipped from the previous week to 362,767 RB, which was down 14.19% from a year ago at this time. That included 64,366 MT to China. The Cotlook A index for May 14 was up 135 points from the previous day to 77.35 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week.

--provided by Brugler Marketing & Management




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