Cotton Market Attempting Third Daily Advance

Cotton futures are trading 12 to 30 points higher to begin your Tuesday. They settled firm to 39 points higher in the front months on Monday. The weekly Crop Progress report from NASS showed the 2019 US cotton crop at 78% squared (80% avg), as 33% was setting bolls (37% avg). Cotton conditions improved another 4% to 60% gd/ex, with the Brugler500 shifting 11 points higher to 358. The 7-day QPF shows very little moisture for most of TX over the next week, with parts of the Southeast seeing a few showers. TS Barry helped more acres than it hurt. The Cotlook A index for July 18 was down 75 points from the previous day at 72.95 cents/lb. The weekly AWP is 55.81 cents/lb effective through Thursday.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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