Cotton Closes with Gains on Tuesday

Cotton continued Monday’s rally with May futures leading the way showing gains of 25 points after the close. Monday started off strong with the Seam posting 12,620 bales sold on 11/25. USDA cotton ginnings report data showed that as of Nov 15th 9.143 Million bales had been ginned. That was up 32.72% over last November and 48% over the 15 year average; and was the highest ginnings figure for November since 2012/13. Cotton harvest was 78% completed by Sunday and was 4 percentage points ahead of the average pace, and 10 points above last year’s pace. AL is 8 percentage points above their average pace, and SC is 14 points ahead of their average harvest pace. The 11/25 Cotlook A Index was down 85 points higher at 74.10 cents/lb. The AWP for cotton is 56.36 cents per lb. and effective through Friday.

Dec 19 Cotton closed at 64.9, up 21 points,

Mar 20 Cotton closed at 65.95, up 15 points

May 20 Cotton closed at 67.06, up 25 points

Jul 20 Cotton closed at 67.88, up 30 points

--provided by Brugler Marketing & Management

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