Cotton Ends Lower on Monday

After a wide-ranging session, front month cotton futures ended Monday 26 to 28 points in the red. For Dec, futures traded from plus 65 points to minus 75 points or a 1.4 cent intraday range. After the close, NASS reported 66% of cotton had open bolls, up from 57% LW and even with average. Harvest was 13% completed as of 9/27. That is up from 11% last week and 1 percentage point behind the 5-yr average pace. Texas cotton harvest was reported at 22% compared to the 5-yr average of 18%. Cotton condition ratings scored a 316 on the Brugler500 index, which was down 3 wk/wk. Big drops were noted in VA, NC, AL, and LA and GA. In Georgia, cotton conditions fell 13 points to a 360 on the index. The Cotlook A index was back up by 15 points for Sept 25, to 70.75 c/lb. The AWP for cotton is 50.45 cents/lb, the week’s LDP is 1.55 cents.

Oct 20 Cotton closed at 64.4, down 26 points,

Dec 20 Cotton closed at 65.69, down 26 points

Mar 21 Cotton closed at 66.38, down 28 points

May 21 Cotton closed at 67.09, down 26 points

--- provided by Brugler Marketing & Management




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