Cotton futures are down 17 to 26 points in most contracts at midday. The delayed update to cotton production saw a yield drop of 22 pounds/ac to 838. An increase of 160,000 harvested acres saw production drop only ~200,000 bales to 18.390 million bales. The US carryout projection was down 100,000 bales to 4.3 million bales. On the world side, ending stocks were up 1.31 million bales to 75.5 million, as Chinese supply was revised higher on lower consumption. The Cotlook A Index was up 20 points on February 7 to 82.85 cents/lb. The USDA Adjusted World Price is 64.61 cents/lb through next Thursday, down 46 points from the previous week.
Mar 19 Cotton is at 72.64, down 17 points,
May 19 Cotton is at 73.69, down 23 points
Jul 19 Cotton is at 75.05, down 26 points
Oct 19 Cotton is at 74.890, up 28 points
--provided by Brugler Marketing & Management