Cotton Lower after Weekend

Cotton futures are down by triple digits to start the week, with losses as much as 113 points in nearby contracts. The 7 day forecast from the national weather service is indicating another wet week, the map indicates that most of the cotton region will get precipitation, showing as much as 2 1/4 inches accumulated, and parts of Northeast Georgia even expected to get more than 3 inches accumulated. However, cotton harvest is running ahead of normal pace overall. Big online sales on Friday pushed the weekly total sales up to 30,460 bales on The Seam. The Cotlook A Index remained unchanged at 74.90 cents/lb for 11/15. The AWP for cotton was 46 points higher at 57.06 cents/lb.

DEC 19 Cotton is at 63.82, down 104 points,

MAR 19 Cotton is at 65.51, down 118 points

MAY 20 Cotton is at 66.74, down 113 points

JUL 20 Cotton is at 67.88, down 96 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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