Cotton Down on Monday

Cotton futures ended Monday 52 to 97 points lower. Parts of northern TX and the Southeastern US did receive some precipitation this weekend. The Crop Progress report tonight showed 85% of the UC cotton crop setting bolls, even with the average and 24% setting bolls (13% avg). Condition ratings were down 7 to 49% gd/ex, with the Brugler500 index down 14 points to 340. The Cotlook A Index was unchanged on August 16 at 70.90 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton closed at 59.2, down 88 points,

DEC 19 Cotton closed at 59.16, down 97 points

MAR 20 Cotton closed at 60, down 72 points

MAY 20 Cotton closed at 61.11, down 52 points

--- provided by Brugler Marketing & Management

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