Cotton Futures Mostly Lower

Cotton futures closed the session with losses of 4 to 19 points, disregarding soon to expire (Friday) December. The Monthly export data from CENSUS stated cotton shipments for October were 731,611 480lb bales, which is 19.6% below September shipments, but is an 11-year high for the month due to being the 3rd largest October total on record. Weekly Export Sales data from the USDA listed 165,903 RB of cotton export sales on the week. Through the same week ending 11/28 shipments were 166,737 RB bringing the accumulated weekly shipments to 3.099 million RB, which is 15.38% above last year. The Seam reported 10,097 bales sold on Dec 4th, bringing the weekly total to 21,608 bales. The Cotlook A Index was 65 more points lower at 73.50 cents per pound on Dec 4th. The AWP was lowered down to 55.97 cents/bale this afternoon. That was a 23 point drop, while the previous move was a 16 point drop.

DEC 19 Cotton closed at 64.71, up 154 points,

MAR 19 Cotton closed at 64.51, down 19 points

MAY 20 Cotton closed at 65.48, down 13 points

JUL 20 Cotton closed at 66.46, down 4 points

---provided by Brugler Marketing & Management

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