Cotton Market Down Despite Lower Condition Ratings

Cotton futures are 20 to 52 points lower this morning. Monday’s Crop Progress report indicated 32% of the bolls in TX opening as of Sunday, compared to the 15% average. In GA, 22% of the crop had bolls opening vs. the normal pace of 10%. Condition ratings were down 14 points on the Brugler500 index overall, with TX 20 points lower on the week and GA up 5. The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb through Thursday.

--- provided by Brugler Marketing & Management

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