Cotton futures are trading 22 to 38 points higher on Wednesday, as Dec is showing thin trade ahead of today’s expiration. The USDA ag attache estimates Indonesian cotton imports of 3.391 million bales for 2016/17, which is up from 2.941 million bales in 2015/16. The 2017/18 imports are projected at 3.4 million bales. The FAS estimates that the imports from the US totaled 304,000 MT, which covers about 41.14% of the total. Online cash sales dropped to 13,670 bales reported on the Seam, as prices rose 46 points to 69.46 cents/lb. The Cotlook A index was down 70 points on December 5 to 82.95 cents/lb.
Mar 18 Cotton is at 72.89, up 38 points
May 18 Cotton is at 73.54, up 27 points
Jul 18 Cotton is at 73.930, up 22 points