Cotton Market Commentary

Cotton futures are trading 8 lower (Dec) to as much as 9 points higher this morning. They were down 88 to 107 points in the nearby contracts on Wednesday. The US dollar is weaker. 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. 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 USDA weekly AWP is 74.26 cents/lb and will be updated later today.

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