Cotton futures settled the Wednesday session with most contracts steady to 21 points in the green. December expired 21 points higher at 75.17 cents/lb. During October, the US shipped 97,302 MT of cotton for export. That was a drop of 21.5% from the previous month and 22.5% lower than last October. The USDA Export Sales report is expected to show a slowdown in upland cotton sales in Thursday’s report. 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.
Dec 17 Cotton closed at 75.170, up 21 points,
Mar 18 Cotton closed at 72.720, up 21 points
Jul 18 Cotton closed at 73.800, up 9 points