Cotton Market Commentary

Cotton futures finished Tuesday with most contracts 68 to 90 points in the red. The weekly Crop Progress report 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. Texas ratings were steady, with GA down 5 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 closed at 83.030, down 90 points,

Dec 18 Cotton closed at 82.890, down 96 points

Mar 19 Cotton closed at 83.310, down 86 points




Market Commentary provided by:

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