Cotton Market Commentary

Cotton futures are seeing 26 to 55 point losses on Tuesday, with a stronger US dollar index so far today. The weekly NASS Crop Progress report will be delayed until this afternoon following the Labor Day Holiday. Friday afternoon’s CFTC Commitment of Traders report showed specs in cotton futures and options trimming their net long position by 2,712 contracts to 67,938 contracts in the week of 8/28. The Cotlook A index was steady with the previous day at 92.15 cents/lb on September 3. The weekly AWP was updated to 74.26 cents/lb, up 43 points from the previous week and good through Thursday.

Oct 18 Cotton is at 81.76, down 55 points,

Dec 18 Cotton is at 81.96, down 26 points

Mar 19 Cotton is at 82.29, down 29 points

May 19 Cotton is at 82.670, down 30 points




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