Cotton Market Into New Life of Contract Lows

Cotton futures are trading 7 to 72 points lower this morning, with weakness focused in the October and December contracts. They closed Wednesday with most contracts 23 to 61 points lower. The 5-day QPF shows most cotton growing areas west of MS getting very little moisture in that timeframe. USDA will update the weekly Export Sales report later this morning. The Cotlook A index for July 16 was up 130 points from the previous day at 74.95 cents/lb. The weekly AWP is 58.05 cents/lb this week and will be updated on Thursday. --provided by Brugler Marketing & Management




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