Cotton Sliding at Midday

The last trade day of 2020 has cotton futures currently in the red by 11 to 19 points. Cotton export sales were reported at 302,994 RBs for the week ending 12/24. That was split 288k for 2020/21 and 15k for 2021/22 delivery. Sales were down after 3 consecutive weeks of +400k RBs, but still more than 240% above the same week last season. Vietnam was the top purchaser on the week. The Seam reported another 9,893 bales sold on Tuesday for an average gross price of 69.38 cents/lb. That was well below the 20k bales on Monday. USDA reported 17,291 bales sold at spot on Wednesday for an average price of 73.51 cents. The 12/30 Cotlook A index was 75 points higher to 83.60. The AWP is 62.01 c/lb. 

Mar 21 Cotton is at 77.86, down 11 points,
May 21 Cotton is at 78.42, down 15 points
Jul 21 Cotton is at 79, down 13 points
Dec 21 Cotton is at 75, down 11 points

--- provided by Brugler Marketing & Management




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