Cotton Firmer on Weak Dollar, Trade Talks

Cotton Showing Gains on Monday

Cotton futures were 5 to 111 points higher on Monday, with nearby July recovering a portion of the massive losses seen last week. The US and China are expected to meet privately at this week’s G-20 gathering, with trade talks taking place prior to a Trump/Xi meeting. The Cotlook A index for June 20 was down 105 points from the previous day to 76.85 cents/lb. The weekly Average World Price (AWP) from USDA is 59.14 cents/lb through Thursday. This afternoon NASS indicated that cotton planting is wrapping up, with 96% completed vs. the 98% average pace. Missouri is the notable laggard. Boll set is at 3%, just a little behind the 5% average pace. Most of that is in Arizona. Crop condition rating dropped 1 point on the Brugler500 Index due to more crop shifting into the poor category than improved to good.

Jul 19 Cotton closed at 62.3, up 111 points,

Oct 19 Cotton closed at 65.36, up 63 points

Dec 19 Cotton closed at 65.69, up 13 points

Mar 20 Cotton closed at 66.44, up 5 points

--provided by Brugler Marketing & Management




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