Cotton Market Commentary

Cotton futures are showing 55 to 73 point gains at midday. Weekly export sales of upland cotton in the week that ended on August 30 were tallied at just 92,162 RB for old crop. That was down 38.82% from the week prior and 20.62% from the same week last year. China was the lead buyer of 24,500 RB, with Vietnam purchasing 23,500 RB. 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 100 points from the previous day at 91.55 cents/lb on September 6. 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.

Dec 18 Cotton is at 82.03, up 73 points

Mar 19 Cotton is at 82.46, up 73 points

May 19 Cotton is at 82.670, up 57 points




Market Commentary provided by:

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