Alan Brugler - Barchart 

Fri May 20, 

Cotton futures are trading 47 to 132 points lower this morning. They were mixed at the Thursday close, with July up 323 points. New crop Dec was down 96 points. Outside markets were supportive, with crude up $2.06 cents and the dollar down 947 points (11-day low). 

Upland cotton export sales in the week of May 12 totaled 110,914 RB for old crop. The largest old crop buyer was India at 34,100 RB. New crop bookings were 25,431 RB, a 20-week low. Export shipments were at 343,189 RB. The largest destination was China at 101,600 RB. Total export commitments are now 107% of the USDA projected US cotton export total, matching the normal pace by exporters.

The Cotlook A index was 245 points lower on 5/18 at 167.00. USDA the cotton AWP to 143.24 cents/lb today, up 242 points from last week. It is in effect through next Thursday.

Jul 22 Cotton  closed at 147.7, up 323 points, they are down 132 points this morning, Dec 22 Cotton  closed at 128.22, down 96 points, they are down 54 points this morning, Mar 23 Cotton  closed at 123.93, down 18 points, they are down 62 points this morning.