Cotton

Cotton futures were 48 to 151 points higher on Thursday. Export sales of US upland cotton totaled 186,579 RB during the week of Nov 30. That was down 32.52% from the previous week and 53.96% lower that this time last year. China was shown to have a net reduction of 39,700 RB, while Pakistan purchased 50,400 RB. All upland cotton shipments were at a MY high of 246,763 RB, which was more than double last week and 7.44% larger than last year. The USDA also reported 50,368 RB in 2018/19 sales. The USDA Adjusted World Price (AWP) was updated to 65.03 cents/lb, up 81 point from the previous week. Online cash sales rose to 22,987 bales reported on the Seam, as prices dropped 20 points to 69.26 cents/lb. The Cotlook A index was unchanged from the previous day on December 6 to 82.95 cents/lb.

Mar 18 Cotton closed at 74.230, up 151 points,

May 18 Cotton closed at 74.640, up 125 points

Oct 18 Cotton closed at 73.260, up 85 points




Market Commentary provided by:

Brugler Marketing & Management LLC
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