Cotton Lower on Tuesday
BRUG - Tue Jun 11, 12:19PM CDT

Cotton futures are down 41 to 85 points at midday. The monthly S&D report showed no changes to the cotton table, with old crop carryout left at 4.65 million bales and new crop at 6.4 million bales. For the world numbers, USDA raise old crop by 1.06 million bales to 77.53, with New crop stocks up 1.57 at 77.26 million bales. The USDA weekly Crop Progress report showed US cotton planting advancing just 4% from last week to 75% complete. That is behind the average pace of 87%, with 11% squaring. Condition ratings were down 2% to 44% gd/ex, with the Brugler500 index down 9 points to 329. The Cotlook A index for June 10 was down 300 points from the previous day to 76.35 cents/lb. The weekly Average World Price (AWP) from USDA is now 61.51 cents/lb through Thursday.

Jul 19 Cotton is at 65.58, down 41 points,

Oct 19 Cotton is at 65.02, down 85 points

Dec 19 Cotton is at 64.95, down 62 points

Mar 20 Cotton is at 65.760, down 65 points

--provided by Brugler Marketing & Management

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