Cotton Market Posts One Month Low

Cotton futures show 20 to 28 point overnight losses. Futures were down 113 to 126 points on Wednesday after a midday rally fell apart. The losses pushed them to the lowest price in over a month. There were 3,520 bales sold on the online trading platform The Seam, brings the weekly sales up to 7,103 bales. That is 13.84% behind last week’s pace. The 11/19 Cotlook A Index was down 50 points to 75.00 cents/lb. The AWP for cotton will be updated later this afternoon, the current AWP is 57.06 cents/lb. The USDA weekly Export Sales report will be out at 8:30 AM EST.

--provided by Brugler Marketing & Management

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