Cotton futures were 43 to 72 points lower in the nearby contracts on Thursday, despite decent export data. USDA reported that 288,975 RB of 18/19 upland cotton was sold during the week of 4/4, with 43,598 RB to China. That was the third largest weekly sales this MY, and up 61.12% from the same week in 2018. It was down 105 from last week, however. Vietnam was the top buyer of 91,700 RB, with India purchasing 70,000 RB. New crop sales were tallied at a MY high 205,917 RB, as China purchased 36,520 RB and 131,200 RB was sold to Vietnam. Weekly shipments were reported at 383,337 RB, which was the second largest reported this MY. The Cotlook A Index was down 65 points at 87.70 on April 10. The weekly AWP was updated to 69.21, 99 points higher than the previous week.
May 19 Cotton closed at 76.980, down 64 points,
Jul 19 Cotton closed at 77.740, down 72 points
Oct 19 Cotton closed at 76.940, down 56 points
--provided by Brugler Marketing & Management