Cotton futures printed a 150 range within -90 and +64 points (March). The front months closed lower as the new crop contracts were 10 to 18 points higher.
FAS Export Sales data had 146,671 RBs of cotton booked during the week that ended 12/14. Weekly export shipments were a MY high 222k RBs, which took the total export to 2.83m RBs. That is still 22% behind last year’s pace, though the 8.12m RBs of total commitments is only 6% behind last year.
The Cotlook A Index weakened by 75 points to 89.45 for 12/19. The AWP for the week is 65.67 cents, and will be updated today after the close. The ICE certified stocks for 12/19 were 5,141 bales.
Mar 24 Cotton closed at 79.13, down 8 points,
May 24 Cotton closed at 80.02, down 4 points,
Jul 24 Cotton closed at 80.43, down 13 points
Source: barchart.com