Cotton Higher on Thursday

Cotton futures are higher at midday, with soon-to-expire Dec up 153 points. The other front months are shown at 23 to 27 points higher. The Monthly export report by CENSUS stated cotton shipments for October were 731,611 480lb bales, which is 19.6% below September shipments, but is an 11-year high for the month. Weekly Export Sales data from the USDA listed 165,903 RB of cotton export sales on the week. Through the same week ending 11/28 shipments were 166,737 RB which brought the accumulated weekly shipments to 3.099 million RB, which is 15.38% above last year. The Seam Reported 3,856 bales sold on 12/03, for an avg. gross price of 53.92 cents per. The certified stocks of number 2 cotton for delivery declined from 85,257 bales to 66,048 after a decert of 19,569 bales. The Cotlook A Index was 65 more points lower at 73.50 cents per pound on Dec 4th. The AWP will be updated from 56.20 cents /lb later this afternoon.

DEC 19 Cotton closed at 64.7, up 153 points,

MAR 19 Cotton closed at 64.93, up 23 points

MAY 20 Cotton closed at 65.87, up 26 points

JUL 20 Cotton closed at 66.77, up 27 points

---provided by Brugler Marketing & Management




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