Cotton Market Mixed To Begin Week

Cotton is 3 points lower to 3 points higher in a cautious beginning to the trading week. It gained 1.41% last week and closed 8 to 17 points higher in nearby contracts on Friday. August cotton exports were a 10 year high with 1.034 million bales exported. That was up 26.14% from last year but down 27.7% from July. Export commitments via weekly data show upland cotton at 57% of the USDA projection, ahead of the normal 50% pace. The Cotlook A Index was up 25 points at 71.95 cents/lb for October 3. Thursday’s updated AWP saw a slight gain to 53.36 cents/lb. -- provided by Brugler Marketing & Management

Market Commentary provided by:

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