Cotton Rebounding so far

Cotton futures recover 32 to 43 points at midday. The dollar index is firmer this morning, with the US stock market a touch weaker. The cotton Ginners Association reported output for The Ivory Coast to be 510,000 MT (~2.343 mil bales), up 8.97% yr/yr to a new record for the African Nation. Using WASDE numbers, that would give them a 1.892% share of world production. The 11/19 Cotlook A Index was down 50 points to 75.00 cents/lb. The AWP for cotton will be updated tomorrow afternoon, the current AWP is 57.06 cents/lb.

DEC 19 Cotton is at 63.76, up 32 points,

MAR 19 Cotton is at 65.78, up 43 points

MAY 20 Cotton is at 67.01, up 39 points

JUL 20 Cotton is at 68.06, up 39 points

--provided by Brugler Marketing & Management




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