Cotton Market Commentary

Cotton futures are trading 70 to 101 points in the red at midday. The market is nervous about another round of US tariffs being applied to China, since China has still been buying US cotton under the existing schedule. The weekly Crop Progress report showed condition ratings down 19 points in TX to 248, while GA was down 7 to 369. Cotton exports in the month of July were tallied at 1.088 million bales according to Census. That was down 7.8% from last year and 23.78% from June. The Cotlook A index was steady with the previous day at 92.15 cents/lb on September 4. The weekly AWP was updated to 74.26 cents/lb, up 43 points from the previous week and good through Thursday.

Dec 18 Cotton closed at 81.770, down 101 points

Mar 19 Cotton closed at 82.180, down 90 points




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