Cotton Futures Up 8 to 26 Points on Decline in Ratings

Cotton futures are trading 8 to 26 points higher to start off your Tuesday. They ended the Monday session with most contracts 24 to 47 points higher. 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 7% complete as of Sunday and 1% faster than normal. Condition ratings were shown falling 5% to 43% gd/ex, with the Brugler500 index dropping 13 points to 328. That is the lowest rating of the 2019 season. 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.

-- provided by Brugler Marketing & Management




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