Cotton Market Commentary

Cotton futures were down 88 to 107 points in the nearby contracts on Wednesday. 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. July US cotton exports totaled 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.

Oct 18 Cotton closed at 81.710, down 107 points,

Dec 18 Cotton closed at 81.710, down 107 points

Mar 19 Cotton closed at 82.110, down 97 points

Market Commentary provided by:

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