Cotton is Back Up after Two Down Days

Cotton futures are 10 to 54 points higher at midday, after starting 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 Cotlook A Index was 40 more points lower to 74.15 cents per pound on Dec 3rd. The AWP is 56.20 cents /lb.

DEC 19 Cotton is at 63.2, up 10 points,

MAR 19 Cotton is at 64.59, up 54 points

MAY 20 Cotton is at 65.53, up 38 points

JUL 20 Cotton is at 66.39, up 23 points

---provided by Brugler Marketing & Management




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