Cotton

Cotton futures are 2 to 37 points lower this morning. They were down 9 to 52 points on Tuesday. Friday’s USDA cotton classing report showed 1.128 million bales of cotton classed as upland for the week ending 12/21, bringing the 2017 crop total to 14.295 million bales. China imported 72,363 MT of cotton during November, 31.69% larger than a year ago. Of that total 12,756 MT was from the US, 30.04% lower than November 2016. The Cotlook A index was 210 points higher from the day prior on December 22 to 88.60 cents/lb. Online cash sales of 14,080 bales reported by the Seam averaged 70.88 cents/lb on December 22, 68 points lower than the previous day.




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