Cotton Builds on Monday Gains

Cotton futures are 41 to 62 points higher this morning. Yesterday, futures faded from the triple digit highs, but held on for 73 to 85 point gains. Heavy rains and high winds from Hurricane Delta have damaged some of the Southeast crop, as most bolls are expected open at this point. Tonight’s delayed Crop Progress report will confirm boll exposure, as well as harvest pace. The Seam reported 10,728 bales sold on Friday at 60.17 cents/lb. The Cotlook A index stayed at 72.95 cents/lb for October 9. The AWP for cotton is 51.48 cents/lb, with an 0.52 cent LDP.

--- provided by Brugler Marketing & Management

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