Tuesday Cotton Closes Higher

Front month cotton futures were up by 69 to 75 points at the closing bell on Tuesday. NASS reported that 9% of this year’s crop was opening bolls as of August 9. The 5-yr average is 11%. Also from the weekly update, 71% of new crop cotton had set bolls. That was up 17% wk/wk and 1 ppt ahead of the 5-yr average pace. Cotton conditions were down a stiff 13 points on the Brugler500 to 322. AZ, AS, and CA cotton crops are still very highly rated, but cotton in TX is back below 300 on the Brugler500 index. Monday sales on The Seam were 446 bales at an average gross price of 59.77 cents/lb. The Cotlook A index fell back 2 and a half cents on Aug 10, to 68.75 cents/lb. The AWP for cotton is 49.44 cents/lb through Thursday. The week’s LDP is 2.56 cents/lb.

Oct 20 Cotton closed at 63.03, up 69 points,

Dec 20 Cotton closed at 63.49, up 69 points

Mar 21 Cotton closed at 64.33, up 73 points

May 21 Cotton closed at 64.96, up 75 points

--- provided by Brugler Marketing & Management

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