Cotton
Cotton futures are 14 to 28 points lower this morning ahead of the weekly Export Sales report. They were mostly 6 to 27 points higher yesterday, as Dec was down 2 points. The Fed left interest rates UNCH, but suggested that there could be another rate rise before the end of the year. They also will activate the plan to unwind the long term debt portfolio beginning in October. The Seam reported online cash sales of 492 bales, with prices rising 2.92 points to 68.27 cents/lb. The Cotlook A index for September 19 was up 80 points from the previous day at 79.7 cents/lb. China sold another 27,200 MT of cotton in Wednesday’s auction of state reserves that saw 27,400 MT offered. Hurricane Maria is expected to remain away from the US mainland, tracking west of Bermuda by Monday.



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