Cotton Closes Lower Ahead of Trade Talks

Cotton futures settled with 51 to 62 point losses in the front months on Tuesday. The market removed “China deal” premium after the US added more Chinese companies and state bureaus to a restriction list due to treatment of the Uighur minority in western China (or other factors). This move came as trade negotiations are underway in Washington DC, with the higher-level officials talking on Thursday and Friday. Crop Progress data showed 77% of the bolls open in TX (65% avg), with harvest at 25%. The Cotlook A Index was unch at 72.25 cents/lb for October 7. The AWP is 53.36 cents/lb, effective through Thursday.

DEC 19 Cotton closed at 61.3, down 53 points

MAR 20 Cotton closed at 62.06, down 51 points

MAY 20 Cotton closed at 62.81, down 62 points

-- provided by Brugler Marketing & Management

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