Cotton Fades to Close Mixed

After trading higher in unison with the grains complex, afternoon cotton trading faded back and ended mixed. Old crop prices closed 18 to 19 points in the red, while new crop futures closed 6 to 10 points stronger.

Cotton export bookings for the week that ended 4/15 were 145,848 RBs. That was split between 103k RBs for 2020/21 delivery and 42.7k RBs for NMY. China was the top buyer for the week, followed by Vietnam. They purchased 38,600 RBs and 22,600 RBs respectively. India was the top destination for the 328,979 RBs of exports, with 4,600 RBs.

USDA’s 4/22 DSQ reported 1,356 bales sold – most of which in W. TX. The Cotlook A index was 91.20 cents/lb for 4/21 back up by 40 points. USDA’s AWP for cotton is 68.16 cents/lb, and will be updated tomorrow.

May 21 Cotton  closed at 84.64, down 19 points,

Jul 21 Cotton  closed at 86.05, down 18 points,

Dec 21 Cotton  closed at 83.75, up 6 points




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