Cotton Market Commentary

Cotton futures are trading 9 to 13 points lower this morning ahead of the weekly export sales and Crop Production reports. They were 77 to 153 points higher in most contracts on Wednesday. The US dollar index was lower on the day. Traders are anticipating a reduction to US cotton production in today’s USDA monthly report because of hurricane damage. The Cotlook A index was UNCH from the previous day at 88.35 cents/lb on November 6. The USDA weekly AWP is 68.56 cents/lb through Thursday and will be updated this afternoon.

--provided by Brugler Marketing & Management

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