Cotton Market Commentary

Cotton futures finished the Thursday session with most contracts 74 to 114 points lower. This morning’s USDA Export Sales report indicated that 81,719 RB of 18/19 upland cotton was sold in the week of 9/6. That was down from the week prior, but 25.31% larger than the same week last year. Sales for 19/20 were shown at 17,704 RB. Pima sales were tallied at 5,800MT. Exports of upland cotton were 25% larger than last year at 135,731 MT. USDA trimmed their national cash average price range for cotton to 68-82 cents, adding 5 cents to the midpoint at 75 cents. The Cotlook A index was up down 10 points from the previous day at 92.40 cents/lb on September 12. The USDA AWP was updated to 73.79 cents/lb this morning, just 2 points above last week.

Oct 18 Cotton closed at 81.620, down 114 points,

Dec 18 Cotton closed at 81.510, down 113 points

Mar 19 Cotton closed at 81.970, down 106 points




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