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Cotton Market Commentary

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Cotton futures are trading 3 points lower to 18 points higher this Friday morning after they finished the Thursday session with most contracts 74 to 114 points lower. The USDA Export Sales report indicated that 81,719 RB of 18/19 upland cotton was sold in the week of 9/6. That was down from the week prior, but 25.31% larger than the same week last year. Sales for 19/20 were shown at 17,704 RB. Weekly exports of upland cotton were 25% larger than last year at 135,731 MT. The Cotlook A index was up down 10 points from the previous day at 92.40 cents/lb on September 12. The USDA AWP was updated to 73.79 cents/lb, just 2 points above last week.

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