Cotton Market Commentary

Cotton futures ended the Friday session with losses of 140 and 203 points. The US dollar index did not help matters much, up 780 points on the day This morning’s Crop Production report showed a national average all cotton yield of 911 lb/ac, with upland at 895. That was up 66 pounds from the July report, as production rose 740,000 bales to 19.24 million bales. The US ending stocks number was up 600,000 bales to 4.6 million with old crop exports trimmed 350,000 bales to 15.85 million bales. World ending stocks were cut by a slight 0.74 to 77.1 million bales. The Cotlook A index was down 65 points from the previous day at 97.20 cents/lb on August 9. The weekly USDA AWP was updated to 79.68 cents/lb today, down 39 points from the previous week.

Oct 18 Cotton closed at 85.860, down 140 points,

Dec 18 Cotton closed at 85.230, down 203 points

Mar 19 Cotton closed at 85.710, down 198 points

Market Commentary provided by:

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