Cotton

Cotton futures are mostly 121 to 129 points higher today, with thinly traded October still showing -2. They were 109 to 135 points higher on Monday. A weaker US Dollar index was supportive, down 349 points. The DXY is weaker again this morning. NASS reported after the close that 86% of the US cotton crop was setting bolls, matching the average, and 17% of the crop had bolls opening (12% avg). The cotton crop conditions were improved 2% to 42% good/ex, with the Brugler500 Index back up 5 points to 305. The Cotlook A index was up 100 points from the previous day at 91.75 cents/lb on August 17. The weekly AWP was updated to 75.45 cents/lb through next Thursday, down 422 points from the previous week.




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