Cotton Higher so far Ahead of Weekend

Nearby cotton futures are up by as much as 76 points at midday. Cotton weekly export sales were at 345,079 bales for the week ending 11/07, that is a 52.09% increase over the previous week. The USDA reported 126,177 bales shipped for the same week. Accumulated exports are now 2.610 million bales, 15.98% above last year’s pace. The PRC (China) occupied 24.13% of the weekly export sales, and the country was the destination for 12.43% of the shipments for that week. The 11/14 Cotlook A Index fell by 90 points to 74.90 cents/lb. Good through 11/21, yesterday’s updated AWP for cotton is 57.06 cents/lb, which was back up 46 points.

DEC 19 Cotton is at 64.93, up 66 points,

MAR 19 Cotton is at 66.83, up 75 points

MAY 20 Cotton is at 68.02, up 75 points

JUL 20 Cotton is at 69.05, up 76 points

--provided by Brugler Marketing & Management

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