Cotton Prices Higher at Midday

Cotton futures are trading 30 to 58 points higher in a Turnaround Tuesday attempt. The US dollar index is the highest since August 1. Parts of northern TX and the Southeastern US did receive rain over the weekend. Condition ratings were down 7 to 49% gd/ex, with the Brugler500 index down a sharp 14 points to 340. The Crop Progress report on Monday night showed 85% of the cotton crop setting bolls, even with the average pace and with and 24% setting bolls (13% avg). The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton is at 59.76, up 58 points,

DEC 19 Cotton is at 59.54, up 30 points

MAR 20 Cotton is at 60.47, up 42 points

MAY 20 Cotton is at 61.59, up 44 points

--- provided by Brugler Marketing & Management

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