Cotton futures are trading 41 to 79 points lower on Friday. Total upland cotton export commitments are 65.3% larger than last year. They are 103% of the USDA, projected export total, vs. 100% last year and the average of 105%. The new AWP is 67.31 cents/lb through next Thursday, down 72 points from the previous week. China sold 18,900 MT of the 30,200 MT of cotton offered at an auction of state reserves on Friday. The Cotlook A index for June 15 was 80 points lower to 84.70 cents/lb.

Jul 17 Cotton is at 71.12, down 79 points,

Oct 17 Cotton is at 70.7, down 52 points

Dec 17 Cotton is at 68.91, down 56 points

Mar 18 Cotton is at 69.030, down 41 points

Market Commentary provided by:

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