Cotton Market Higher Ahead of Key USDA Reports

Cotton futures are trading 41 to 52 points higher ahead of the USDA crop reports. They settled mixed on Wednesday, with nearby Oct down 10 points and other front months 3 to 11 points higher. China has given tariff exemptions on 16 US products, though it does not include any of the main ag commodities. USDA will give us an updated look at the US and World balance sheets later this morning, with traders generally expecting a smaller yield estimate due to declining crop conditions. The hurricane came after most of the data was likely collected. The Cotlook A Index was down 45 points on September 10 at 70.60 cents/lb. The weekly AWP is 51.57, below loan rate and will be updated on Thursday.

-- provided by Brugler Marketing & Management

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