Cotton Lower at Tuesdays Midday

Cotton futures are lower again on Tuesday, with nearby futures showing losses of 43 to 49 points at midday. Cargill Cotton Headquarters is moving deeper into Memphis TN according to a press release. The headquarters office was previously in the Memphis suburb of Cordova. The USDA Weekly Crop Progress Report stated that cotton harvest is 68% complete. The Cotlook A Index was boosted on 11/18 to 75.50 cents/lb, up 60 points. The AWP for cotton will be 57.06 cents/lb through Thursday.

DEC 19 Cotton is at 63.72, down 49 points,

MAR 19 Cotton is at 65.54, down 43 points

MAY 20 Cotton is at 66.8, down 44 points

JUL 20 Cotton is at 67.87, down 45 points

--provided by Brugler Marketing & Management

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