Cotton

Cotton futures are trading 7 lower to 28 higher this morning with only October in the minus column. They saw losses of 34 to 84 points in most contracts on Wednesday. The weekly Export Sales report from FAS will be released later this morning. Last week’s report saw sales of 188,021 RB in 2018/19 upland sales. An auction of Chinese state reserves on Wednesday saw sales on 26,400 MT of the close to 30,000 MT offered. The Cotlook A index was up 165 points from the previous day at 93.05 cents/lb on August 24. The weekly AWP is 73.83 cents/lb, and will be updated later today.




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