Cotton Futures are Mixed at Monday’s Midday

Cotton futures are making 12 point gains in the near expiration Dec contracts as well as the Jul futures, however the Mar and May futures are modestly lower at midday. The National Weather Services’ accumulated precipitation forecast shows that the next week could again see some light precip in much of the cotton area. East Texas is forecasted to accumulate a tenth of an inch of rain with the precipitation stretching to middle Georgia where they are also forecasted a tenth of an inch accumulated. The center of the precip is along the Mississippi River boarder between AR, LA, and MS, where the wetness could accumulate to over an inch. The 11/29 Cotlook A Index was brought to an even 75 cents per pound, after a slight 10 point drop. The monthy Cotton System utilization report from the NASS branch of the USDA will be released later this afternoon. The AWP from Friday was 56.20 cents /lb, and is good through Thursday.

DEC 19 Cotton is at 64.52, up 12 points,

MAR 19 Cotton is at 65.26, down 10 points

MAY 20 Cotton is at 66.3, down 9 points

JUL 20 Cotton is at 67.05, up 3 points

---provided by Brugler Marketing & Management

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