Cotton Mixed on Tuesday

Cotton futures ended Tuesday mixed, with nearby contracts 31 to 69 points higher and back months higher. President Trump this morning tweeted that he and President Xi of China will have an “extended meeting next week at the G-20,” with trade talks to begin prior to their meeting. NASS reported that planting in TX progressed to 86% by Sunday, with the state’s ratings back up 9 points to 322. OK planting was at just 64% complete. The Cotlook A index for June 17 was down 75 points from the previous day to 77.05 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

Jul 19 Cotton closed at 65.320, down 31 points,

Oct 19 Cotton closed at 66.370, down 69 points

Dec 19 Cotton closed at 66.820, up 40 points

--provided by Brugler Marketing & Management

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