Cotton 20 to 72 Points Higher
Cotton is trading 20 to 72 points higher to begin your Friday, after futures were 54 to 63 points in the red on Wednesday. The US dollar index has dropped to a 2 ½ year low, boosting commodities priced in dollars. On Tuesday, The Seam posted a sale of just 3,437 bales traded at an average price of 65.82 cents/lb, up 79 down 4.65 cents from the previous day, likely on the low volume. The Cotlook A index was up another 95 points to 80.15 cents/lb as of November 24. The AWP for cotton is 56.84 cents/lb. through Thursday.
--- provided by Brugler Marketing & Management
