Cotton Showing Modest Gains on Friday

Cotton futures are up 9 to 23 points in the nearby contracts as the stealth rally continues. August cotton exports were a 10 year high with 1.034 million bales exported. That was up 26.14% form last year but down 27.7% from July. Export commitments via weekly data show upland cotton at 57% of the USDA projection, ahead of the normal 50% pace. The Cotlook A Index was up 25 points at 71.95 cents/lb for October 3. The updated AWP for this week saw a slight gain to 53.36 cents/lb.

DEC 19 Cotton is at 61.83, up 23 points

MAR 20 Cotton is at 62.58, up 22 points

MAY 20 Cotton is at 63.36, up 9 points

-- provided by Brugler Marketing & Management

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