Alan Brugler –Barchart

Thu Jan 26,

Cotton pulled back for the Thursday close, but still ended up on the day. March had seen 222 point gains at the day’s high, but settled up by 84 points. The other nearby contracts were up by 44 to 78 points at the bell. December remains a 158 point discount to the March. 

Cotton export bookings from the week that ended 1/19 were 213,680 RBs according to FAS data. That was a weekly 2% increase but was still ~half of the same week last year. China was the top buyer with 59k RBs leaving their net commitments at 1.877m RBs of the 9.282 million total. Commitments trail last year by 21%.  

The Seam had 4,753 bales sold on 1/25 for an average gross price of 81.8 cents. The Cotlook A Index was 101.15 cents/lb for 1/25 which was down by 130 points. The USDA average world price (AWP) for cotton was raised 262 points this afternoon to 75.05 cents per pound. It will be in effect until next Thursday. ICE Certified Stocks were 8,900 bales as of 1/18.  

Mar 23 Cotton  closed at 87.5, up 84 points, May 23 Cotton  closed at 88.02, up 78 points, Jul 23 Cotton  closed at 88.34, up 63 points. (Source: