Cotton In the Red on Friday

Cotton futures are trading 25 to 83 points lower at midday. The dollar is strong, at near 1 year highs. China announced addition tariffs on several US ag goods this morning in retaliation to the US tariff implementation on $300 billion in Chinses goods in September and December. Export commitments of US upland cotton are now 49% of the USDA export projection, with the average at 43% for this time. The Cotlook A Index was higher 70 points on August 22 at 71.20 cents/lb. The weekly AWP is now 52.57 cents/lb, good through next Thursday.

OCT 19 Cotton is at 58.62, down 25 points,

DEC 19 Cotton is at 58.11, down 83 points

MAR 20 Cotton is at 59.08, down 78 points

MAY 20 Cotton is at 60.16, down 60 points

--- provided by Brugler Marketing & Management




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