Cotton Market Awaiting USDA Export Numbers

Cotton futures were 8 to 20 points lower on Wednesday. The 11/27 Cotlook A Index was up .15 at 75.10 cents/lb. The adjusted world price will be updated today, the last moves were lower, then back higher; it is has been at 56.36 cents per lb. Cert stocks continue to rise, providing liquidity for December futures deliveries. There were 83,666 bales available for delivery on Wednesday. USDA weekly export sales data will be out in a few minutes and provide the market something to chew on in a light holiday session.

--provided by Brugler Marketing & Management

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