Cotton Market Down 8 to 22 Points Overnight

Cotton futures were 8 to 22 points lower overnight. They had closed 36 to 74 points higher in most contracts on Wednesday. USDA will update their monthly S&D tables today, as well as release the weekly Export Sales report in just a few minutes. Fed Chairman Powell hinted at a possible cut to interest rates in their meeting later this month, citing global economic slowdown and uncertainty from the current trade disputes. The Cotlook A index for July 9 was down 120 points from the previous day at 76.65 cents/lb. The USDA AWP is 59.32 cents/lb through Thursday.

--provided by Brugler Marketing & Management

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