Cotton futures were steady to 124 points lower in the nearby contracts on Monday, with back months slightly higher. As of March 8, 18.984 million bales of upland cotton had been classed. During that week, there were 140,741 bales classed in the Upland category. The Cotlook A index was up 220 points from the previous day on March 9 at 94.40 cents/lb. The Adjusted World Price (AWP) was updated to 74.13 cents/lb, down 104 points from last week. China sold 93.63% of the near 30,000 MT offered at an auction of state reserves on Monday.

May 18 Cotton closed at 83.280, down 124 points,

Jul 18 Cotton closed at 83.210, down 98 points

Oct 18 Cotton closed at 79.880, unch,

Market Commentary provided by:

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