Cotton

Cotton futures posted 38 to 71 point losses on Tuesday, as the US dollar saw sharp gains of 354 points on the session. The Texas cotton harvest was shown at 21% complete, vs. their average of 13%. Condition ratings in MO were down 20, with LA 14 points lower. The Cotlook A index for September 25 was up 15 points from the previous day at 78.70 cents/lb. China sold another 29,700 MT of cotton in Tuesday’s auction of state reserves that saw 30,100 MT offered. Chinese cotton imports for August came in at 385,405 bales, up 20% from last year.

Oct 17 Cotton closed at 69.380, down 71 points,

Dec 17 Cotton closed at 68.750, down 71 points

May 18 Cotton closed at 68.430, down 63 points




Market Commentary provided by:

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