Cotton Mixed on Tuesday

Cotton futures were down 10 points in nearby July but 3 to 29 points higher in most other front months. NASS indicated crop condition rating in TX dropped 9 points to 313 (Brugler500 index), with GA improving by 9. Analysts surveyed by Bloomberg show 2019 cotton acreage ideas at an average of 13.74 million acres, just slightly below the March Intentions report. The Cotlook A index for June 24 was down 45 points from the previous day to 76.40 cents/lb. The weekly Average World Price (AWP) from USDA is 59.14 cents/lb through Thursday.

Jul 19 Cotton closed at 62.200, down 10 points,

Oct 19 Cotton closed at 65.650, up 29 points

Dec 19 Cotton closed at 65.720, up 3 points

--provided by Brugler Marketing & Management




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