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Cotton Mostly Lower on Wednesday

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Cotton futures were 10 to 41 points lower in most front months on Wednesday, with thinly traded Oct up 23 points. USDA will release their weekly Export Sales report on Thursday morning, with data for the week ending May 9, a period following the US tweet about raising tariffs but while talks were continuing. The Chinese yuan is the weakest vs. the dollar since January, making imports of US cotton more expensive. The Cotlook A index for May 14 was down 300 points from the previous day to 76.00 cents/lb. The weekly Average World Price (AWP) is now 64.65 cents/lb, down 3.62 cents from last week.

Jul 19 Cotton closed at 66.350, down 41 points,

Oct 19 Cotton closed at 67.690, up 23 points

Dec 19 Cotton closed at 66.890, down 10 points

--provided by Brugler Marketing & Management

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