Cotton futures are showing 22 to 74 point gains in the front months on Friday. The US dollar index is down 517 points at the moment, providing a little support. Total export commitments for all upland cotton are now 59% of the USDA projection, vs. last year’s 43% and the 37% 5-year averages. Thursday’s Cotton On Call report from CFTC showed mills unfixed call sales position at 41,051 contract for December. That was as of 8/17 and down 9,291 contracts from the week before. Unfixed call purchases for December were at 21,981 contracts on that date. The Cotlook A index was down 90 points from the previous day at 92.15 cents/lb on August 23. The weekly AWP was updated to 73.83 cents/lb through next Thursday, down 162 points from the week prior.

Oct 18 Cotton is at 82.47, up 74 points,

Dec 18 Cotton is at 82.02, up 53 points

Mar 19 Cotton is at 82.27, up 36 points

May 19 Cotton is at 82.510, up 22 points

Market Commentary provided by:

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