Cotton Market 7 to 26 Points Higher

Cotton futures are 7 to 26 points higher ahead of the weekly USDA Export Sales report. Futures were mixed yesterday, with Dec futures up 4 points. The other nearby futures finished 4 to 7 points lower on Thursday. 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 bales through the week (average price of 57.76 cents/lb). 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 updated AWP for cotton is 57.06 cents/lb, which was back up 46 points following last week’s number. The New AWP will be good until 11/21’s update.

--provided by Brugler Marketing & Management

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