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Cotton Market Commentary

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Cotton futures are 18 to 22 points lower this morning in the run up to the USDA reports. They were steady to 21 points lower on Tuesday as the market waited on information about hurricane damage. The weekly Crop Progress report showed that Georgia, in the path of Hurricane Michael, had 88% of the bolls open, with only 12% harvested as of Sunday. Texas has harvested 28% of their crop, with the average at 2%. Ratings in TX were steady, with GA down 5 points. Cotlook A index was up 145 points from the previous day at 86.85 cents/lb on October 9. The USDA weekly AWP is currently at 67.87 cents/lb and will be updated on Thursday.

--provided by Brugler Marketing & Management

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