Cotton Market About 30 Points Weaker Overnight

Cotton futures are trading 23 to 35 lower this morning, ignoring the October contract with its single overnight trade. They were down 37 to 62 points in most front months on Tuesday, with pressure coming from strength in the US dollar. Planting progress in TX was reported at 12% as of Sunday, 1% faster than average, with GA @ 6% planted. China is selling nearly 1 MMT of cotton from state reserves this year, starting on May 5 and running to Sept 30. The Cotlook A Index was up 50 points at 88.25 on April 18. The weekly Average World Price (AWP) is 68.88, effective through Thursday.

--provided by Brugler Marketing & Management




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