Cotton futures are UNCH to 72 points lower on Wednesday. In Tuesday’s WASDE report, the USDA lowered the cash average farm price a penny on both sides of the range to a mid-point of 60 cents/lb. They also raised the projected US export number 700,000 bales to 14.9 million bales. World production was raised for India, Brazil, and Australia along with the US. The Cotlook A index for September 12 was 230 points lower at 82.1 cents/lb. At their daily auction of state reserves, China sold 27,100 MT of the 27,446 MT of cotton offered.

Oct 17 Cotton is at 69.99, down 72 points,

Dec 17 Cotton is at 68.62, down 49 points

Mar 18 Cotton is at 68.12, down 35 points

Jul 18 Cotton is at 69.480, unch,

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