Cotton Trading in Red

Thursday cotton trading has futures another 16 to 34 points weaker, with Dec down the most. Upland cotton export sales from USDA’s weekly update were 288,693 RBs. That was 27% above LW and 105% higher yr/yr. Sales to the PRC were 28% of the total with 81,394 RBs. Cotton exports from the report were 228,801 RBs bringing the MY total to 2.93 million. USDA’s Spot Cotton Quotations report showed 3,045 bales sold at an average price of 65.42 cents/lb on 10/28. The week’s sales on The Seam were 5,031 bales at a wtd average price of 67.67 cents/lb through Tuesday. The Cotlook A index for the 28th was 5 points higher at 78.40 cents/lb. The AWP for cotton is 55.71 cents/lb, which will be updated after the close.

Dec 20 Cotton is at 69.83, down 34 points,

Mar 21 Cotton is at 70.81, down 22 points

May 21 Cotton is at 71.44, down 26 points

Jul 21 Cotton is at 71.93, down 23 points

--- provided by Brugler Marketing & Management

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