Cotton Market Steady Ahead of Holiday

Cotton futures are steady to 21 points lower this morning, with most contracts hovering around UNCH. They were up 32 to 70 points in the front months on Tuesday. The markets will be closed on Thursday, with the USDA Export Sales report pushed back to Friday by the July 4th holiday. After the Monday close, USDA reported condition ratings in TX improved by 5 points to 318 on the week of 6/30, with GA down 2 and KS the big mover, up 22 points in the Brugler500 index. The Cotlook A index for July 1 was UNCH from the previous day at 77.00 cents/lb. The USDA AWP is 58.32 cents/lb through Thursday.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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