Cotton futures posted sharp 123 to 200 point losses on Monday. The US dollar index was 424 points higher on the day. A National Cotton Council producer survey released in San Antonio showed intended planted cotton acreage 2.9% larger than last year at 14.5 million acres. The Cotlook A Index was down 80 points on February 8 to 82.05 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through Thursday. USDA trimmed their cash average price for cotton on Friday to 71-73 cents, with the mid-point down 2 to 72 cents. China’s ag ministry raised their 18/19 production number by 0.1 to 6.04 MMT, while also raising their import projection by the same to 1.6 MMT.
Mar 19 Cotton closed at 70.550, down 200 points,
May 19 Cotton closed at 71.760, down 193 points
Jul 19 Cotton closed at 73.130, down 188 points
--provided by Brugler Marketing & Management