Cotton futures are trading 17 to 31 points higher in the front months on Tuesday. NASS showed that 91% of the cotton crop had bolls setting as of Sunday, with 21% of the bolls opening vs. the 18% average. TX has 20% of the bolls opening, ahead of the 18% average. US condition ratings on the Brugler500 index were 10 points higher at 315 on a 2% national move from poor to excellent, with a rating of 44% gd/ex. The three largest producing states, TX, GA, and MS all saw deteriorating conditions of 31, 12, and 8 points respectively. The Cotlook A index was down 75 points from the previous day at 91.40 cents/lb on August 24. The weekly AWP was updated to 73.83 cents/lb, good through Thursday.

Oct 18 Cotton is at 83.74, up 22 points,

Dec 18 Cotton is at 83.51, up 17 points

Mar 19 Cotton is at 83.81, up 29 points

May 19 Cotton is at 84.090, up 31 points

Market Commentary provided by:

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