Cotton Posting Sharp Losses on More Tariff Talk

Cotton futures posting sharp losses of 241 to 274 points in most contracts on Friday. This comes a day after President Trump announced he plans to add a 10% tariff on the remaining $300 billion of Chinese goods. A good chunk of that is consumer technology items made by US companies in China. Census trade data released on Friday morning showed 1.687 million bales of US cotton shipped in June. That was the largest shipment total since June 2007, and 18.57% above 2018. The Cotlook A index for August 1 was up 50 points from the previous day at 74.80 cents/lb. The new weekly AWP is 56.96 cents/lb, down 89 points from the week prior.

OCT 19 Cotton is at 59.1, down 274 points,

DEC 19 Cotton is at 59.63, down 274 points

MAR 20 Cotton is at 60.95, down 261 points

MAY 20 Cotton is at 62.26, down 241 points

--provided by Brugler Marketing & Management

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