Cotton Market Commentary

Cotton futures are showing losses of 97 to 125 points at midday, with thinly traded Oct up 37 points. This morning’s USDA report projected 2018 US cotton yield at 895 lb/ac, down 16 pounds from August. However, a higher acreage number at 14.04 million acres planted and 10.55 mill ac harvested increased production to 19.68 million bales. A larger export number helped to offset that with ending stocks up 100,000 bales from August to 4.7 million. New crop world cotton carryout was up 360,000 bales to 77.46 million bales. The Cotlook A index was up 170 points from the previous day at 93.40 cents/lb on September 11. The USDA weekly AWP was updated to 73.77 cents/lb, down 49 points from the previous week.

Oct 18 Cotton is at 83.4, up 37 points,

Dec 18 Cotton is at 81.64, down 125 points

Mar 19 Cotton is at 82.12, down 119 points

May 19 Cotton is at 82.540, down 114 points




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