Cotton posting Moderate Gains on Wednesday

Cotton futures are up 29 to 63 points in most contracts at midday. The 7-day QPF shows little precip for most of TX, with some rains expected for the Southeastern US. USDA will release their weekly Export Sales report on Thursday, showing data from the week of 8/15. At an auction of state reserves on Wednesday, China sold 10,455 MT of cotton, totaling 92.67% of the amount offered. The Cotlook A Index was down 90 points on August 20 at 70.50 cents/lb. The weekly AWP is 52.22 cents/lb and will be updated on Thursday.

OCT 19 Cotton is at 59.66, up 49 points,

DEC 19 Cotton is at 59.77, up 63 points

MAR 20 Cotton is at 60.53, up 45 points

MAY 20 Cotton is at 61.45, up 29 points

--- provided by Brugler Marketing & Management




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