Cotton futures are trading 5 to 33 points lower this morning. They ended the Monday session with 75 to 112 point losses. USDA data on Monday showed 13.903 million planted acres of cotton following USDA’s resurvey, up 180,000 acres from July. FSA showed 490,058 acres of prevent plant for cotton as of August 1. The projected yield from NASS was 855 lb/ac, up 10 pounds from July. US carryout for old crop was up 250,000 bales to 5.25 million bales, as new crop ending stocks were up 500,000 bales to 7.2 million. Projected world ending stocks for 18/19 were up 1 million to 80.27 million bales, as new crop was up 2.03 million to 82.45 million bales. NASS Crop Progress data showed 77% of the crop setting bolls (76% avg), with 20% of the crop with bolls opening (10% avg). Condition ratings were up 2% to 56% gd/ex, with the Brugler500 index up 5 to 354. The Cotlook A was up 70 cents on August 9 at 71.00 cents/lb. The weekly AWP is 52.67 cents/lb, through Thursday.
--provided by Brugler Marketing & Management