Cotton Market Up 16 to 30 Points As Rally Continues

Cotton futures are trading 16 to 30 points higher this morning as the stealth rally continues. They closed 22 to 43 points higher yesterday but failed to hold triple digit gains from earlier in the session. 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. Weekly exports were 154,745 RB for the week ending in 9/26, which is 12% lower than last week and down 14% from the same time last year. Accumulated exports this MY to date are 1.756 million RB, which is up 25.98% from this time last year. The Cotlook A Index was unch at 71.70 cents/lb for October 2. The updated AWP for this week saw a slight gain to 53.36 cents/lb.

-- provided by Brugler Marketing & Management

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