Cotton Market lower at Midday, Pressured by Outside Markets

Cotton futures are trading 55 to 87 points in the red at midday. The Dollar is showing continued strength on Wednesday, with crude oil lower. There were 114 deliveries against May on Wednesday. USDA will update their weekly Export Sales report on Thursday, with a close eye kept on Chinese business. The Cotlook A Index was down 50 points at 87.75 on April 23. The weekly Average World Price (AWP) is 68.88, effective through Thursday.

May 19 Cotton is at 76.02, down 55 points,

Jul 19 Cotton is at 77.17, down 74 points

Oct 19 Cotton is at 76.1, down 87 points

Dec 19 Cotton is at 76.230, down 62 points

--provided by Brugler Marketing & Management




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