Cotton Closes Higher Tuesday

Cotton futures gained 17 to 29 points in the nearby contracts on Tuesday. Support from a drop to Crop Condition ratings was limited on trade tensions. NASS reported TX at 50% setting bolls, with GA at 79%, both even with normal progress. Ratings overall dropped by 14 points on the Brugler500 index at 350, with TX a major reason, down 26 points. A Chinese auction of state reserves saw just 2,842 MT of cotton sold on Tuesday, which was 30.58% of the total offered. The Cotlook A was down 250 point on August 5 at 70.90 cents/lb. The weekly AWP is 56.96 cents/lb, good through Thursday.

OCT 19 Cotton closed at 58.08, up 17 points,

DEC 19 Cotton closed at 58.76, up 28 points

MAR 20 Cotton closed at 60.02, up 30 points

MAY 20 Cotton closed at 61.42, up 29 points

--provided by Brugler Marketing & Management

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