Cotton Market Higher Ahead of Export Sales Report

Cotton trading ahead of the week’s export sales report has prices 41 to 62 points higher. Cotton ended the Wednesday session with gains limited to 5 points. Futures did post new highs, which for Dec was just a point off the Jan 22 high. USDA’s Daily Spot Quotations report said 3,823 bales were sold at spot on Wednesday at 9 points better 65.79 cents/lb. The Cotlook A index was up another 140 points to 76.80 cents/lb on 10/20. The AWP for cotton is 53.43 cents/lb, through tomorrow.

--- provided by Brugler Marketing & Management




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