Cotton futures are trading 8 lower to 12 higher this morning, with the plus signs in 2020 contracts. They ended Tuesday with most contracts 12 to 64 points higher following a drop to crop conditions ratings. 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.
-- provided by Brugler Marketing & Management