Cotton futures are posting sharp losses in most nearby contracts, with May down 100 points. The Cotlook A index was down 50 points from the previous day on March 12 at 93.90 cents/lb. Cash sales on the Seam were reported at 2,272 bales on Monday, with prices averaging 70.73 cents/lb. The Adjusted World Price (AWP) was updated to 74.13 cents/lb, down 104 points from last week. China sold 24,300 MT of the near 30,000 MT offered at an auction of state reserves on Tuesday.

May 18 Cotton is at 82.28, down 100 points,

Jul 18 Cotton is at 82.5, down 71 points

Dec 18 Cotton is at 78.180, down 54 points

Market Commentary provided by:

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