Cotton Higher at Midday

Cotton futures are up 22 to 50 points in most contracts at midday. Friday afternoon’s Commitment of Traders report showed another record reported net short position for spec traders in cotton futures and options on Tuesday at 44,270 contracts. USDA will update the cotton progress and conditions later this afternoon. The 7-day QPF shows very little moisture for most of TX over the next week, with parts of the Southeast seeing a few showers. The Cotlook A index for July 18 was down 75 points from the previous day at 72.95 cents/lb. The weekly AWP is 55.81 cents/lb effective through Thursday.

OCT 19 Cotton is at 62.64, up 39 points,

DEC 19 Cotton is at 63.57, up 50 points

MAR 20 Cotton is at 64.31, up 33 points

MAY 20 Cotton is at 65.19, up 22 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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