Cotton in the Green at Midday

Cotton futures are up 46 to 61 points in most contracts on Tuesday. After Monday’s close, the weekly Crop Progress report indicated that 43% of the US cotton crop had bolls open as of 9/8 vs. the 37% average. Harvest was 7% complete as of Sunday and 1% faster than normal. Condition ratings were shown falling 5% to 43% gd/ex, with the Brugler500 index dropping 13 points to 328. That is the lowest rating of the 2019 season. By state, TX lost another 12 points, with GA down 2 and TN deteriorating 33 points. The Cotlook A Index was down 50 points on September 9 at 70.15 cents/lb. The weekly AWP is 51.57, and still below loan rate.

OCT 19 Cotton is at 59.72, up 60 points,

DEC 19 Cotton is at 59.54, up 56 points

MAR 20 Cotton is at 60.2, up 61 points

MAY 20 Cotton is at 60.79, up 46 points

-- provided by Brugler Marketing & Management




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