Cotton Market Commentary

Cotton futures were 83 to 106 points higher in most front months on Thursday, on the potential for renewed dialog between the US and China on trade. It could still be some time before we see any kind of deal. The USDA Export Sales report showed 77,718 RB in old crop upland sales in the week that ended on August 9. Vietnam purchased 24,600 RB, with Pakistan buying 16,900 RB. New crop saw a net reduction of 11,691 RB for upland, with 2,800 RB of pima types sold. Upland cotton exports totaled 240,271 RB in that week, which was 19.92% larger than last year. The Cotlook A index was up 15 points from the previous day at 92.90 cents/lb on August 15. The weekly AWP was updated to 75.45 cents/lb through next Thursday, down 422 points from the previous week.

Oct 18 Cotton closed at 82.130, up 105 points,

Dec 18 Cotton closed at 81.800, up 106 points

Mar 19 Cotton closed at 82.010, up 97 points




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