Cotton In The Green at Midday

Cotton futures are up 31 to 85 points at midday. The weekly Drought Monitor shows dryness expanding in a good part of TX, with some severe drought starting to pop up. This morning’s Export Sales report from USDA showed 179,505 RB of 19/20 upland cotton sold in the week of August 1, with China buying 60,123 RB. For 20/21, 79,794 RB were sold for export, bringing the accumulated total to 288,181 RB. The Cotlook A was up 30 points on August 7 at 70.30 cents/lb. The weekly AWP is 56.96 cents/lb, and will be updated later today.

OCT 19 Cotton is at 59.43, up 85 points,

DEC 19 Cotton is at 59.41, up 58 points

MAR 20 Cotton is at 60.29, up 40 points

MAY 20 Cotton is at 61.44, up 31 points

Market Commentary provided by:

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