Cotton

Cotton futures are 13 to as much as 53 points higher after posting some triple digit gains in the front months on Wednesday. The Cotlook A index for October 3 was down 85 points from the previous day at 77.70 cents/lb. The Seam showed online cash sale at 3,083 bales on Tuesday, with prices averaging 66.64 cents/lb. ICAC foresees further reductions in Chinese stocks, while world ex-China inventory expands. World mill use is expected to grow modestly in a lower price environment. They project the US to total 39% of the world trade activity, with 14.2 million bales of the 36.4 total.




Market Commentary provided by:

Brugler Marketing & Management LLC
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