Cotton Market Bounce 33 to 49 Points

Cotton futures are trading 33 to 49 points higher to begin your Friday. They were down 14 points in several nearby contracts on Thursday, with nearby Oct up 2 points. USDA reported cotton export sales for the week ending September 12 totaled 84,999 running bales for upland, with another 19,300 RB booked for 2020/21. China cancelled another 39,317 RB of old crop purchases. Shipments totaled 166,602 RB in that week, slightly below the previous week. 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 54.62, effective through next Thursday. That is up 2.34 cents from the previous week.

-- provided by Brugler Marketing & Management




Market Commentary provided by:

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