Cotton futures were mostly 5 to 21 points lower today, with some back months higher. The USDA showed the 2017 cotton harvest in TX at 22% complete with GA 11% harvested both ahead of their averages. The Crop Progress report indicated LA was down 25 points over the week, with TX falling 17 points and MS down 12. The Cotlook A index for October 2 was down 50 points from the previous day at 78.55 cents/lb. The ICAC lowered their world cotton production number slightly to 25.14 MMT, as ending stocks were down 140,000 MT to 18.56 MMT.

Oct 17 Cotton closed at 68.150, down 5 points,

Dec 17 Cotton closed at 67.520, down 5 points

May 18 Cotton closed at 67.540, down 17 points

Market Commentary provided by:

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