Cotton Showing Bounce on Wednesday

Cotton futures are showing 29 to 74 point gains in most contracts at midday. USDA will update their monthly S&D tables on Thursday, as well as release the weekly Export Sales report. Fed Chairman Powell hinted at a possible cut to interest rates in their meeting later this month, citing global economic slowdown and uncertainty from the current trade disputes. The Cotlook A index for July 9 was down 120 points from the previous day at 76.65 cents/lb. The USDA AWP is 59.32 cents/lb through Thursday.

OCT 19 Cotton is at 63.77, up 74 points,

DEC 19 Cotton is at 63.84, up 56 points

MAR 19 Cotton is at 65.13, up 46 points

MAY 20 Cotton is at 66.03, up 29 points

--provided by Brugler Marketing & Management

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