Cotton Market Commentary

Cotton futures are showing sharp losses at midday. There were hopes that China follows through with the commitments to buy more US ag goods. However, the appointment of hard line USTR Lightheizer as chief negotiator and the arrest of a Huawei executive yesterday seemed to dim prospects of a deal. October’s US cotton exports totaled 608,545 bales according to Census data, which was down 14.89% from last month but still 35.31% larger than a year ago. The Cotlook A index was UNCH from the previous day on Dec 5 at 87.80 cents/lb. The weekly USDA AWP is currently 67.92 cents/lb.

Mar 19 Cotton is at 79, down 215 points

May 19 Cotton is at 80.2, down 189 points

Jul 19 Cotton is at 81.090, down 169 points

--provided by Brugler Marketing & Management




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