Cotton Closes Lower

Cotton futures ended the first trade day of the week down by 24 to 42 points. After the close, NASS reported 57% of new crop cotton had open bolls, that’s 2% points ahead of the 5-yr average. Harvest was 11% complete, up from 6% LW and 1% point ahead of the average. Harvest in TX was 4% ahead of average with 20% cut. Cotton condition ratings on the Brugler500 index fell by 1 point to 319. Certified stocks were up 879 bales to 6,987 from September 18. USDA reported 2,584 bales were sold at spot, for an average price of 59.63 cents/lb. The Cotlook A index for Sept 18 was 50 points lower to 71.15 cents/lb. The AWP for cotton is 50.88 cents/lb for the week; with an LDP at 1.12 cents.

Oct 20 Cotton closed at 63.74, down 42 points,

Dec 20 Cotton closed at 65.24, down 42 points

Mar 21 Cotton closed at 66.24, down 34 points

May 21 Cotton closed at 67.08, down 27 points

--- provided by Brugler Marketing & Management

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