Cotton Higher on Export Rebound
Cotton futures are up 52 to 55 points in the front months on Friday. USDA reported a total of 354,689 RB in export bookings during the week of November 19. That was the second largest this MY and 55,84% above the same week last year. Sales for 21/22 totaled 38,480 RB. On Wednesday, The Seam posted a sale of 3,010 bales traded at an average price of 67.67 cents/lb, up 1.85 cents from the previous day. The Cotlook A index was down 50 points to 78.95 cents/lb as of November 26. The AWP for cotton is 58.63 cents/lb. through next Thursday, up 1.79 cents from last week.
| MAR 19 Cotton is at 72.91, up 55 points |
| MAY 20 Cotton is at 73.73, up 52 points |
| JUL 20 Cotton is at 74.44, up 55 points |
--- provided by provided by Brugler Marketing & Management
