Cotton Market Commentary

Cotton futures were steady to 21 points in the red on Tuesday, as traders are waiting on Thursday’s crop report to get direction. The Tuesday edition of the weekly Crop Progress report showed that Georgia, in the path of Hurricane Michael (now a major Cat 4 hurricane!), had 88% of their bolls open, with only 12% harvested as of Sunday. Texas has harvested 28% of their crop, with the average at 2%. Ratings in TX were steady, with GA down 5 points. Cotlook A index was up 145 points from the previous day at 86.85 cents/lb on October 9. The USDA weekly AWP is currently at 67.87 cents/lb and will be updated on Thursday.

DEC 18 Cotton closed at 76.80, down 21 points,

MAR 18 Cotton closed at 78.04, down 3 points

MAY 19 Cotton closed at 78.86, down 3 points

JUL 19 Cotton closed at 79.52, down 2 points

--provided by Brugler Marketing & Management

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