Cotton Tumbles on Turnaround Tuesday

Front month cotton futures are giving back 53 to 66 points in the front months. October contracts are down triple digits on limited OI. Cotton progress from the weekly report had 47% of bolls open, which was 2 points ahead of average. Cotton harvest was 6% complete as of the 13th. The 5-yr average is 8%. Harvest in TX was reported at 13% complete, lagging their 5-yr average by 1 percentage point. Cotton condition ratings improved 4 points on the Brugler500 index to 320. Last week’s sales on The Seam were 17,988 bales at a wtd average price of 58.16 cents/lb. The Cotlook A index for Sept 14 stayed at 70.50 cents/lb. The AWP for cotton is 49.77 cents/lb, through Thursday. The LDP is 2.23 cents through Thursday.

Oct 20 Cotton is at 64.37, down 109 points,

Oct 20 Cotton is at 65.96, down 66 points,

Mar 21 Cotton is at 66.89, down 57 points

May 21 Cotton is at 67.53, down 64 points

--- provided by Brugler Marketing & Management




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