Cotton Market Up 35 to 58 Points

The bulls are trying to defend their long cotton futures positions this morning, with prices 35 to 58 points higher. Cotton futures started off the week with two down days. Front month futures settled 70 to 76 points lower last night. Renewed trade friction with Brazil, Argentina and France caused bulls to reconsider ambitious export ideas. That said, the dollar is weaker and the US stock market futures are higher this morning, and positive spin about a US/China deal continues to circulate. The Seam Reported 7,655 bales sold for an avg. gross price of 56.48 cents/bale. The Dec 2 Cotlook A Index was 45 points lower at 74.55 cents per pound. The AWP is 56.20 cents /lb. ---provided by Brugler Marketing & Management




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