Cotton Market Rebounds From Tuesday Losses

Cotton futures are trading 77 to 102 higher this morning. They settled with 51 to 62 point losses in the front months on Tuesday. The market removed “China deal” premium as both sides are downplaying the possibility of a deal. Talks are ongoing in Washington, with higher level players like China’s Liu He and USTR Lighthizer joining the fray on Thursday. 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.

-- provided by Brugler Marketing & Management

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