Cotton Closes Higher, NASS shows Deteriorating Conditions

Cotton futures ended the Monday session with most contracts 24 to 47 points higher to start the week. After the close, the weekly Crop Progress report indicated that 43% of the US cotton crop had bolls open as of 9/8 vs. the 37% average. Harvest was tallied at 7% complete 1% faster than normal. Conditions were shown falling 5% to 43% gd/ex, with the Brugler500 index dropping 13 points to 328. The Cotlook A Index was up 100 points on September 6 at 70.65 cents/lb. The weekly AWP is now 51.57, and still below loan rate.

OCT 19 Cotton closed at 59.2, up 47 points,

DEC 19 Cotton closed at 58.94, up 36 points

MAR 20 Cotton closed at 59.56, up 25 points

MAY 20 Cotton closed at 60.3, up 24 points

-- provided by Brugler Marketing & Management




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