Cotton back on the Rise

Cotton futures posted gains of 48 to 83 points. Cotton export sales were up 52.09% over last week, at 164,483 MT. With 129,682 rb shipped, cotton exports were lower than last week by 12.97% and were 14.11% lower than the same week last MY. However cotton accumulated exports as of 10/31 were 16.21% above last year’s pace. December options expire on Friday, driving some position squaring.. The Cotlook A Index for 11/6 was back up by 25 points, to 74.95 cents/lb. The AWP has been updated this afternoon to 56.63 cents/lb, lower by 70 points.

DEC 19 Cotton closed at 64.17, up 48 points,

MAR 19 Cotton closed at 65.91, up 64 points

MAY 20 Cotton closed at 67.18, up 72 points

JUL 20 Cotton closed at 68.39, up 83 points

--provided by Brugler Marketing & Management

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