Cotton Market Commentary

Cotton futures are trading 5 to 37 points in the green at midday. As of September 13, weekly export sales data shows upland cotton export commitments 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.

OCT 18 Cotton is at 79.44, up 37 points,

DEC 18 Cotton is at 78.69, up 22 points

MAR 19 Cotton is at 79.13, up 22 points

MAY 19 Cotton is at 79.63, up 5 points




Market Commentary provided by:

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