U.S. weekly upland export sales for shipment this season and next came in at a hefty 579,000 running bales. Upland shipments dipped to 249,600 RB.
Cotton futures ticked little changed in benchmark December early Thursday after U.S. weekly export sales came in at a hefty 579,000 RB for shipment this season and next.
December hovered off three points at 67.62 cents, trading within a 64-point range from 67.77 to 67.13 cents on a contract volume of 2,079 lots. March traded down 28 points to 67.01 cents on a turnover of 806 lots.
Net U.S. upland export sales for this season of 261,300 running bales during the week ended last Thursday were up 36% from the previous week and “up noticeably” from the four-week average, USDA reported.
Source: www.agfax.com