Cotton Market Still in Trading Range

Cotton futures are trading 5 to 11 points lower since settling 11 to 15 points higher at Tuesday’s close. Harvest was 18% complete in TX as of Sunday, with GA 10% above normal at 18%. The monthly USDA cotton consumption and stocks report showed consumption was up from July, but the 1,411 bales consumed in August was well below the five year average. Condition ratings were up 1% to 40% good/ex, as the Brugler500 index was down 1 point for the week to 323. In TX they were up 2 points, with GA down 9 on the Brugler500. The Cotlook A Index was up 65 points on September 30 at 71.80 cents/lb. The AWP for this week is 53.19 cents/lb, good through Thursday.

-- provided by Brugler Marketing & Management

Market Commentary provided by:

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