Cotton Market Commentary

Cotton futures settled with 11 to 53 point losses on Thursday, despite a sharply lower US dollar index. This morning’s Export Sales report indicated that 97,733 RB of 18/19 upland cotton was sold in the week of 9/13, with 32,912 RB in sales of the 19/20 crop. Sales to China were reported at net reductions of -3 RB for 18/19 and 440 RB in 19/20 sales. Export shipments were seen at 16,174 RB to China, with the overall total to all countries at 148,892 RB. Pima sales totaled 3,300 RB for 18/19, with 600 RB to China. The Cotlook A index was down 265 points from the previous day at 88.15 cents/lb on September 19. The USDA weekly AWP was updated to 71.59 cents/lb, down 2.20 cents from the week prior.

OCT 18 Cotton closed at 79.1, down 53 points,

DEC 18 Cotton closed at 78.54, down 18 points

MAR 19 Cotton closed at 79.04, down 11 points

MAY 19 Cotton closed at 79.67, down 20 points




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