Cotton futures were 8 to 22 points lower overnight. They had closed 36 to 74 points higher in most contracts on Wednesday. USDA will update their monthly S&D tables today, as well as release the weekly Export Sales report in just a few minutes. Fed Chairman Powell hinted at a possible cut to interest rates in their meeting later this month, citing global economic slowdown and uncertainty from the current trade disputes. The Cotlook A index for July 9 was down 120 points from the previous day at 76.65 cents/lb. The USDA AWP is 59.32 cents/lb through Thursday.
--provided by Brugler Marketing & Management