Cotton Market Up 17 to 31 Points Overnight

Cotton futures are trading 17 to 31 points higher this morning. They were 5 to 111 points higher on Monday, with nearby July recovering a portion of the massive losses seen last week. President’s Trump and Xi are expected to meet in private session during the G-20 meeting in Japan June 28-29. The Cotlook A index for June 20 was down 105 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) from USDA is 59.14 cents/lb through Thursday. NASS indicated that cotton planting is wrapping up, with 96% completed as of Sunday vs. the 98% average pace. Missouri is the notable laggard. Boll set is at 3%, just a little behind the 5% average pace. Most of that is in Arizona. Crop condition rating dropped 1 point on the Brugler500 Index due to more crop shifting into the poor category than improved to good. --provided by Brugler Marketing & Management




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