Cotton Market Commentary

Cotton futures are trading 15 to 40 points in the green on Thursday, with help from some world numbers in this morning’s USDA reports. NASS added 80,000 bales to the US production number on Thursday @ 19.76 million bales, with slightly lower acreage but yield up 6 lbs to 901 lb/ac. Ending stocks were up 300,000 bales to 5 million on a reduction to projected exports. World carryout for 18/19 was trimmed by 3 million bales to 77.45 million bales, mainly on historical revisions to India. Cotlook A index down 50 points from the previous day at 86.35 cents/lb on October 10. The USDA weekly AWP was updated to 67.73 cents/lb, down 14 points from the week prior.

DEC 18 Cotton is at 77.18, up 38 points,

MAR 18 Cotton is at 78.39, up 35 points

MAY 19 Cotton is at 79.08, up 22 points

JUL 19 Cotton is at 79.67, up 15 points

--provided by Brugler Marketing & Management (402) 289-2330




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