Cotton

Cotton futures are 6 to 11 points higher this morning after they saw gains of 17 to 57 points on Friday. Nearby Dec was 1.06% higher on the week. Support came from a weaker US dollar on Friday, with the basket just slightly higher this morning. The Commitment of Traders report showed the spec funds trimming 2,855 contracts from their net long last week, taking it to 42,028 contracts as of November 14. The USDA Adjusted World Price (AWP) was updated to 61.37 cents/lb, 1 point lower than the previous week. Online cash cotton sales reported by The Seam increased to 10,264 bales, with prices up to 67.09 cents/lb. The Cotlook A index for November 14 was 5 points higher to 79.40 cents/lb.




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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