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Thursday, March 23, 2023 12:51:42 PM
Cotton Dropping For Midday Quotes
By: Barchart | March 23, 2023
Cotton futures are sitting near their lows for the day so far for Thursday. The front months are down by 73 to 89 points.
FAS data had 310,236 RBs of cotton export sales for the week that ended 3/16. That is a 5-wk high and was near even with last year’s sale for the same week. Vietnam and China were the top buyers. The weekly data release also had 272,519 RBs of cotton exports for the week, which left the season’s total at 6.221 million – a 1.2% lag yr/yr. Outstanding sales remain well below last year, with total commitments at a 20% yr/yr lag through 3/16.
The Cotlook A Index was back up by 50 points on 3/22 to 92.30 cents/lb. The AWP for cotton is 68.58 cents/lb, and will be updated after the close.
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By: Barchart | March 23, 2023
Cotton futures are sitting near their lows for the day so far for Thursday. The front months are down by 73 to 89 points.
FAS data had 310,236 RBs of cotton export sales for the week that ended 3/16. That is a 5-wk high and was near even with last year’s sale for the same week. Vietnam and China were the top buyers. The weekly data release also had 272,519 RBs of cotton exports for the week, which left the season’s total at 6.221 million – a 1.2% lag yr/yr. Outstanding sales remain well below last year, with total commitments at a 20% yr/yr lag through 3/16.
The Cotlook A Index was back up by 50 points on 3/22 to 92.30 cents/lb. The AWP for cotton is 68.58 cents/lb, and will be updated after the close.
Read Full Story »»»
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