Cotton Nearing Contract Lows on Wednesday

Cotton futures ended Wednesday’s trade session mixed, with front months 12 to 20 points higher and most deferred contracts lower. The 7-day QPF shows little to no moisture for much of TX over the next week, with parts of the Southeast showing 1-2 inches. Weekly USDA Export Sales data will be released on Thursday morning, showing numbers from the final week of the 18/19 MY for cotton. The Cotlook A was down 90 points on August 6 at 70 cents/lb. The weekly AWP is 56.96 cents/lb, good through Thursday.

OCT 19 Cotton closed at 58.39, up 12 points,

DEC 19 Cotton closed at 58.92, up 20 points

MAR 20 Cotton closed at 59.89, down 8 points

MAY 20 Cotton closed at 61.11, down 27 points

--provided by Brugler Marketing & Management

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