Cotton Showing Triple Digit Gains on Thursday

Cotton futures are trading 115 to 133 points higher in the front months on Thursday. All upland cotton export sales during the week of September 26 were 177,837 RB for 19/20, the second largest weekly total this MY. That was up 14.56% wk/wk and well above the same week last year. There were just 7,480 RB sold for 20/21. Sales to Pakistan were 62,900 RB, with China buying 9,740 RB of 19/20. Crude is seeing more drops in price for the fifth day in a row, that could make cotton a more expensive option. The Cotlook A Index remains unch at 71.70 cents/lb for October 2. The AWP for this week is 53.19 cents/lb and will be updated on this afternoon.

DEC 19 Cotton is at 62.66, up 133 points

MAR 20 Cotton is at 63.26, up 128 points

MAY 20 Cotton is at 64.01, up 115 points

-- provided by Brugler Marketing & Management




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