Cotton Market Commentary
cmdty Insider - BRUG - Wed Oct 10, 11:53AM CDT

Cotton futures are up 36 to 50 points on a weaker US dollar and the risk of crop damage from the stronger than expected Hurricane Michael. The Tuesday edition of the weekly Crop Progress report showed that the US cotton crop had 78% of the bolls open (74% avg) and 25% harvested (18% avg). Georgia is in the path of Hurricane Michael (now a major Cat 4 hurricane!) and had 88% of their bolls open, with only 12% harvested. Ratings in TX were steady, with GA down 5 points. Cotlook A index was up 145 points from the previous day at 86.85 cents/lb on October 9. The USDA weekly AWP was updated to 67.87 cents/lb, down 207 points from the previous week.

--provided by Brugler Marketing & Management

Dec 18 Cotton is at 77.37, up 36 points,

Mar 19 Cotton is at 78.51, up 44 points

May 19 Cotton is at 79.39, up 50 points

Jul 19 Cotton is at 80.000, up 46 points




Market Commentary provided by:

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