Cotton Market 7 to 25 Higher Overnight

Cotton futures are trading 7 to 25 points higher this morning ahead of the weekly USDA Export Sales report. That report will show year end numbers for 2018/19 and the extent that old crop business had to be rolled to new crop because it wasn’t shipped. They ended Wednesday’s session mixed, with front months 12 to 20 points higher and most deferred contracts lower. The 7-day QPF forecast shows little to no moisture for much of TX over the next week, with parts of the Southeast showing 1-2 inches. The Cotlook A was down 90 points on August 6 at 70 cents/lb. The weekly AWP is 56.96 cents/lb, good through Thursday.

--provided by Brugler Marketing & Management

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