Cotton

Cotton futures ended the Monday session with mixed trade, as nearby contracts were 14 to 23 points lower with back months higher. The USDA reported that 354,825 bales of upland cotton was classed during the week of Feb 8. That would bring the total for the 2017/18 crop to 18.243 million bales. The USDA Adjusted World Price or AWP was updated to 69.45 cents/lb Thursday morning, which was down 195 points from the previous week. The Cotlook A index on February 9 was 87.40 cents/lb, up 70 points from the previous day. The NCC grower survey released on Saturday anticipates a 3.7% increase in US all cotton acreage in 2018. That survey shows that producers intend to plant 13.078 million acres of cotton in 2018.

Mar 18 Cotton closed at 76.450, down 23 points,

May 18 Cotton closed at 77.450, down 18 points

Jul 18 Cotton closed at 78.440, down 14 points




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