Cotton In the Red on Thursday

Cotton futures were 63 to 107 points lower at closing, pressured by weak Export Sales. The weekly Export Sales report from USDA showed 19/20 bookings of 163,964 RB for the week ending 8/15. That was 51% lower than last week, with Indonesia accounting for 50,400 RB. New Crop sales were at 528 RB. Actual shipments were reported at 343,960 RB, with 81,800 RB headed to Vietnam. The Cotlook A Index was unchanged on August 21 at 70.50 cents/lb. The weekly AWP was updated today to 52.57 cents/lb.

OCT 19 Cotton closed at 59.24, down 63 points,

DEC 19 Cotton closed at 58.87, down 107 points

MAR 20 Cotton closed at 59.79, down 87 points

MAY 20 Cotton closed at 60.71, down 79 points

--- provided by Brugler Marketing & Management




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