Cotton Market Squares Up For USDA Report

Cotton futures gave back 22 to 33 points overnight after they posted gains of 48 to 83 points on Thursday. The US dollar index is stronger. 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 today. The Cotlook A Index for 11/6 was back up by 25 points, to 74.95 cents/lb. The AWP is now 56.63 cents/lb, down 70 points from the previous week.

--provided by Brugler Marketing & Management

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