Thursday Cotton Mostly Lower

Cotton futures were mixed after Thursday’s round of trading. Dec futures rallied to finish up 4 points after midday lows. The other nearby futures finished 4 to 7 points lower. The 11/13 Cotlook A Index regained 40 points to 75.40 cents/lb. As of 11/14, cash sales on The Seam reached 12,734 (ave. price of 57.76 cents/bale) bales through the week. That is 63.3% of last week’s total accumulated sales, and is up 3,718 bales over last week’s pace through 11/06. The USDA FSA updated the AWP for cotton to 57.06 cents/lb, that is back up 46 points following last week’s number. The New AWP will be good until 11/21’s update.

DEC 19 Cotton closed at 64.26, up 4 points,

MAR 19 Cotton closed at 66.01, down 4 points

MAY 20 Cotton closed at 67.2, down 4 points

JUL 20 Cotton closed at 68.3, down 7 points

--provided by Brugler Marketing & Management

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