Cotton Showing Losses at Midday

Cotton futures are down 28 to 77 points in the front months on Wednesday. The Fed will announce their decision on interest rates later this afternoon, with most expecting a 0.25% rate cut. Crude oil is down another 2.56% on Wednesday, after the Saudis indicated that they would fill in missing crude oil production from reserves. The Cotlook A Index was up 5 points on September 17 at 73.70 cents/lb. The weekly AWP is 52.28, effective through Thursday.

OCT 19 Cotton is at 59.35, down 77 points,

DEC 19 Cotton is at 60.76, down 62 points

MAR 20 Cotton is at 61.56, down 30 points

MAY 20 Cotton is at 62.63, down 28 points

-- provided by Brugler Marketing & Management

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