Cotton Lower at Midday

Cotton futures are trading 18 to 90 points lower in most contracts on Wednesday. USDA will release their weekly update to the Export Sales report on Thursday, with most eyes on Chinese actions in the reporting week that ended on May 16. The Cotlook A index for May 21 was up 220 points from the previous day to 78.8 cents/lb. The weekly Average World Price (AWP) is now 59.59 cents/lb, down 5.06 cents from last week. Cotton producers would also see more MFP money in the aid package being considered by the White House, but details on the level have not been made public.

Jul 19 Cotton closed at 66.520, down 80 points,

Oct 19 Cotton closed at 67.020, down 18 points

Dec 19 Cotton closed at 66.030, down 87 points

--provided by Brugler Marketing & Management

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