Cotton futures are trading 60 to 85 points lower at Thursday’s midday. The US dollar index is up 359 points at the moment, providing a little pressure. The weekly Export Sales report from the FAS division of USDA indicated that 188,021 RB of 18/19 upland cotton was sold for export in the week of 8/16. That was more than double last week but still 32.28% lower than this week in 2017. New crop sales totaled 4,400 RB, with 7,500 RB of 18/19 Pima sales. The Cotlook A index was up 50 points from the previous day at 93.05 cents/lb on August 22. The weekly AWP is 75.45 cents/lb and will be updated later today.

Oct 18 Cotton is at 81.73, down 79 points,

Dec 18 Cotton is at 81.45, down 84 points

Mar 19 Cotton is at 81.88, down 76 points

May 19 Cotton is at 82.280, down 70 points

Market Commentary provided by:

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