Cotton Market 6 to 20 Lower After Wednesday Rally

Cotton futures are trading 6 to 20 points lower on Thursday after closing out Wednesday with 72 to 78 points gains in the front months. China’s Liu He and USTR Lighthizer join the talks in Washington today. Lui He will meet with President Trump Friday if talks go as planned, but some Chinese papers are reporting only a one day session due to lack of progress in the preliminaries. Weekly US export sales data will be out at 7:30 AM CDT. Traders are also awaiting production updates from NASS at 11 AM CDT. The Cotlook A Index remained 72.25 cents/lb for October 8. The AWP is 53.36 cents/lb and will be updated on Thursday.

-- provided by Brugler Marketing & Management

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