Triple Digit Discount for Black Friday Cotton

Cotton futures cotton is lower on Friday, following the holiday with drops of 40 to 111 points so far. The 11/28 Cotlook A Index remained unchanged at 75.10 cents/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 revealed that there was a 23.69% increase in sales wk/wk for the week ending 11/21. The 281,514 running bales sold was the second largest for the marketing year after 11/07’s weekly sales of 345,079 bales.

DEC 19 Cotton is at 63.8, down 111 points,

MAR 19 Cotton is at 65.31, down 50 points

MAY 20 Cotton is at 66.41, down 50 points

JUL 20 Cotton is at 67.23, down 40 points

--provided by Brugler Marketing & Management

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