Cotton Market Commentary

Cotton futures are trading 25 to 50 points lower this Friday morning. They were 83 to 106 points higher in most front months on Thursday, on the potential for renewed trade dialog between the US and China. 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. Upland cotton exports totaled 240,271 RB in that week, which was 19.92% larger than last year. US Export commitments for upland cotton are now 35.8% above the same week in 2017. 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.




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