Cotton futures posted losses of 73 to 80 points in the nearby contracts on Thursday. The US dollar index was up 470 points on the day, 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. All upland export shipments totaled 157,374 RB, which was down 29.06% from last year at this time. The Cotlook A index was up 50 points from the previous day at 93.05 cents/lb on August 22. The weekly AWP was updated to 73.83 cents/lb through next Thursday, down 162 points from the week prior.

Oct 18 Cotton closed at 81.730, down 79 points,

Dec 18 Cotton closed at 81.490, down 80 points

Mar 19 Cotton closed at 81.910, down 73 points

Market Commentary provided by:

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