Cotton Closes in Black on Monday

Front month cotton futures were 62 to 85 points higher. Last week, The Seam reported 18,923 bales sold for a wtd av price of 66.24 cents/lb. USDA’s Spot Cotton Quotations report showed 2,871 bales were sold at an average gross price of 67 cents/lb. As of 10/25 5% of cotton crops remain with unopened bolls, compared to 7% remaining LW and 8% average. Harvesting continues at average pace; an additional 8% of the crop was picked on the week bringing harvest to 42% complete. NASS ratings on the remaining crop resulted in a 311 on the Brugler500 index. The Cotlook A index was 90 points better on 10/23 at 77.75 cents/lb. The AWP for the week is 55.71 cents/lb.

Dec 20 Cotton closed at 72.11, up 82 points,

Mar 21 Cotton closed at 72.72, up 85 points

May 21 Cotton closed at 73.22, up 77 points

Jul 21 Cotton closed at 73.58, up 72 points

--- provided by Brugler Marketing & Management

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