Cotton Market Commentary

Cotton futures were mostly 35 to 56 points in the green on Tuesday. This afternoon’s Crop Progress report indicated that 29% of the cotton crop had bolls opening as of Sunday, ahead of the average of 26%. Condition ratings were down 3% to 41% gd/ex, while the Brugler500 Index was down 12 points to 303. The International Cotton Advisory Committee trimmed their 18/19 world cotton carryout by 0.88 MMT to 16.91 MMT. That was mainly due to a smaller 17/18 ending stocks and increased consumption. 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 closed at 82.780, up 47 points,

Dec 18 Cotton closed at 82.780, up 56 points

Mar 19 Cotton closed at 83.080, up 50 points




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