Cotton Market News and Commentary

Cotton futures are trading 21 to 22 points lower in the front months, with Oct up 2 points. USDA reported cotton export sales for the week ending September 12 totaled 85,000 running bales for upland, with another 19,300 RB booked for 2020. China cancelled another 39,317 RB of old crop purchases. A total of 11,862 MT of cotton was sold from Chinese state reserves on Thursday, totaling 99.08% of the amount offered. The Cotlook A Index was down 130 points on September 18 at 72.40 cents/lb. The weekly AWP is 52.28, effective through Thursday. That will be updated later today.

OCT 19 Cotton is at 59.38, up 2 points,

DEC 19 Cotton is at 60.28, down 22 points

MAR 20 Cotton is at 61.01, down 21 points

MAY 20 Cotton is at 62.04, down 21 points

-- provided by Brugler Marketing & Management




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