Cotton futures posted 135 to 209 point losses on Thursday. The arrest of a Huawei executive increased tensions between US and China less than a week after the two countries called a 90 “truce.” October’s US cotton exports totaled 608,545 bales according to Census data, which was down 14.89% from last month but still 35.31% larger than a year ago. Weekly USDA Export Sales data will be released on Friday morning. The Cotlook A index was UNCH from the previous day on Dec 5 at 87.80 cents/lb. The weekly USDA AWP is currently 67.92 cents/lb.
Dec 18 Cotton closed at 78.020, down 209 points,
Mar 19 Cotton closed at 79.080, down 207 points
May 19 Cotton closed at 80.260, down 183 points
--provided by Brugler Marketing & Management