Cotton Market Higher Ahead of USDA Export Data

Overnight action in the cotton market was 16 to 28 points higher ahead of the USDA weekly export sales report. The board is showing a single December futures trade 153 points above yesterday. Somebody got caught on the wrong side during deliveries? Yesterday cotton futures were 10 to 80 points higher. The Seam Reported 3,856 bales sold on 12/03, for an avg. gross price of 53.92 cents per. The certified stocks of number 2 cotton for delivery declined from 85,257 bales to 66,048 after a decert of 19,569 bales. The Cotlook A Index was 40 more points lower to 74.15 cents per pound on Dec 3rd. The AWP will be updated from 56.20 cents /lb later this afternoon.

---provided by Brugler Marketing & Management

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