Cotton futures are mostly 40 to 50 points in the green at midday. The US dollar index is weaker again this morning, down 253 points at the moment. 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. Ratings in TX were 6 points higher than the week prior, with GA up 7. KS, MO, and VA were the only states to show deteriorating conditions. The Cotlook A index was down 40 points from the previous day at 91.35 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.

Oct 18 Cotton is at 83.55, up 45 points,

Dec 18 Cotton is at 83.2, up 50 points

Mar 19 Cotton is at 83.36, up 49 points

May 19 Cotton is at 83.650, up 42 points

Market Commentary provided by:

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