Cotton prices are showing 36 to 44 point losses to begin the Wednesday session. Futures closed with gains of 9 to 140 points across the board on Tuesday, led by the nearbys. The dollar index was down 520 points, with crude oil futures up $1.20/barrel to provide some support.

The US cotton crop was listed at 63% with bolls open, as harvest progressed to 14% complete as of 9/22, 2% above normal according to NASS. Condition ratings slipped 2% to 37% gd/ex, as the Brugler500 index was down a sharp 13 points to 295, with a 7% increase to poor/very poor ratings at 33%. Ratings in TX dropped 25 points on the week, with GA up 6.

The Seam reported 814 online cash cotton bale sales on Monday, averaging 64.48 cents/lb. ICE cotton stocks were unchanged on September 23, leaving 265 bales of cert stocks. The Cotlook A Index was up 50 points on September 23 at 85.05 cents/lb. The USDA Adjusted World Price (AWP) was raised by 283 points last Thursday to 58.83 cents/lb. That is good through this Thursday. 

Dec 24 Cotton  closed at 74.09, up 57 points, currently down 44 points

Mar 25 Cotton  closed at 75.85, up 71 points, currently down 40 points 

May 25 Cotton  closed at 76.93, up 77 points, currently down 36 points