Cotton back on the Rise

Cotton futures are rallying for Thursday, making gains of 77 to 89 points at midday. 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 will be updated later this afternoon, it has been 57.33 cents/lb since 10/31.

Dec 19 Cotton is at 64.46, up 77 points,

Mar 20 Cotton is at 66.05, up 78 points

May 20 Cotton is at 67.34, up 88 points

Jul 20 Cotton is at 68.45, up 89 points

--provided by Brugler Marketing & Management

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