Cotton Market Commentary

Cotton futures are posting triple digit losses in the front months on Turnaround Tuesday. The weekly Crop Progress report on Tuesday morning showed 39% of the cotton crop had bolls open vs. the 35% average. The crop was also 10% harvested, doubling up the normal pace. The ratings showed another 3% drop in the gd/ex categories to 38%, with the Brugler500 Index down the same amount at 300 points. The Cotlook A index was back up 70 points from the previous day at 91.70 cents/lb on September 10. The USDA weekly AWP was updated to 73.77 cents/lb, down 49 points from the previous week.

Oct 18 Cotton is at 82.74, down 119 points,

Dec 18 Cotton is at 82.58, down 127 points

Mar 19 Cotton is at 82.97, down 120 points

May 19 Cotton is at 83.280, down 115 points




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