Cotton Market Commentary

Cotton futures are trading a modest 1 to 8 points higher ahead of the weekly USDA export sales report. They were mostly 33 to 43 points lower in the nearby contracts on Thursday. The weekly Cotton on Call report showed mills had an unfixed call sales position of 38,974 contracts for December on August 31. That was up 66 contracts from the week prior. The Cotlook A index was down 40 points from the previous day at 92.55 cents/lb on September 5. The USDA weekly AWP was updated on Thursday afternoon to 73.77 cents/lb. That was down 49 points from the week prior and is good through next Thursday. China sold 16,588 MT of cotton from states reserves on Thursday, 55.28% of the total offered.

Market Commentary provided by:

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