Wednesday Cotton Lower at the Close

Cotton futures were 8 to 20 points lower, after regaining some of midday losses, on the last session before the Thanksgiving holiday. Our next report will be on Friday morning. Two big selling days in a row pushed the week to date total through 11/26 past last week’s accumulated online cash sales on The Seam. The running total through 11/26 was 27,507 and last week’s online sales were 16,413 bales. The 11/25 Cotlook A Index regained all of the 85 points from yesterday, back at 74.95 cents/lb. With tomorrows Holiday, the adjusted world price will not be updated until Friday; it is still currently at 56.36 cents per lb. Cert stocks continue to rise, providing liquidity for December futures deliveries. There are currently 83,666 bales available for delivery.

DEC 19 Cotton closed at 64.7, down 20 points,

MAR 19 Cotton closed at 65.87, down 8 points

MAY 20 Cotton closed at 66.97, down 9 points

JUL 20 Cotton closed at 67.72, down 16 points

--provided by Brugler Marketing & Management

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