Cotton Market Commentary

Cotton futures were 56 to 75 points in the green on Friday. 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. Export shipments were up slightly from the week prior at 177,327 RB. Friday’s Commitment of Traders report indicated that specs in cotton futures and options held a net long position of 65,798 contracts as of Tuesday. That was 2,140 contracts fewer than the week prior and the least bullish position since November of 2017. 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 to 73.77 cents/lb, down 49 points from the week prior and good through next Thursday.

Oct 18 Cotton closed at 82.130, up 75 points,

Dec 18 Cotton closed at 81.990, up 69 points

Mar 19 Cotton closed at 82.400, up 67 points




Market Commentary provided by:

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