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Cotton Lower on Friday

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Cotton futures are posting 32 to 41 point losses at midday. Following Thursday’s Export Sales report, US exporters now have shipped and unshipped sales totaling 86% of the USDA upland cotton export projection for 2019/20. The average for this time of year is 81%. Exports shipments are 38% of that number, up from the average of 35%. The Seam online cotton trading platform added 7,883 bales sold on 02/12, for an average gross price of 61.53 c/lb. The 02/13 Cotlook A index was 50 points higher to 77.70 cents/lb. The FAS Adjusted World Price for cotton is 58.82 cents/lb.

MAR 19 Cotton is at 67.34, down 41 points,

MAY 19 Cotton is at 68.31, down 32 points

JUL 20 Cotton is at 69.16, down 34 points

---provided by Brugler Marketing & Management

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