Cotton
Cotton futures are 30 to 40 points higher this morning after they lost 78 to 93 points on Thursday. The USDA cut the US cotton yield 19 pounds to 889 pounds per acre, due mostly to the hurricanes. That lowered US production 0.64 million bales to 21.12 million bales. Expected exports also fell to 14.5 million bales. Projected US ending stocks were trimmed 200,000 to 5.8 million bales. World ending stocks were lowered just 0.16 to 92.38 million bales. The Cotlook A index for October 11 was again UNCH from the previous day at 78.80 cents/lb. All upland cotton prevent plant acres were reported at 115,472 acres in the October report, insignificantly larger than last year.



Market Commentary provided by:

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