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Cotton #2 Dec '18 (CTZ18)

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Agricharts Market Commentary

Thu Jul 19, 7:19AM CDT
Cotton futures are trading 24 to 39 points lower this morning. They were steady to 37 points lower in the front months on Wednesday, pressured by a little bit of profit taking. Dryness seen for most of TX in the next week is piling on top of the already deteriorating crop conditions. The weekly Export Sales report will be released at 7:30 a.m. CDT, with traders watching for any Chinese activity on either the purchasing or cancellation side. The Cotlook A index was steady from the previous day at 97.70 cents/lb on July 17. The weekly USDA AWP currently at 76.17 cents/lb will be updated on Thursday.
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