Cotton
Cotton futures are steady to 10 higher this morning after they posted losses of 11 to 53 points in most contracts on Thursday. Weekly export shipments fell to 114,942 RB, 12.85% lower than a week ago and lagging this week in 2016 by 45.92%. Total export commitments are now 43.4% above this week last year. Compared to the USDA full year projections for exports, commitments are 53% complete, with the average at 43% and last year at 37%. Exports could be slowed this week by Tropical Storm Nate, expected to hit LA or MS on Saturday night or Sunday morning. The USDA AWP is 60.04 cents/lb. through next Thursday. The Cotlook A index for October 4 was down 10 points from the previous day at 77.60 cents/lb.



Market Commentary provided by:

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