Cotton Feisty but Lower

Cotton futures ended the day session off the lows, but still 1 to 15 points lower. Official September cotton exports were 923,987 bales. That was seasonally down 45% from August, but the largest Sept export program since 08/09. Through the first two months of official data, cotton shipments total 16.1% of USDA’s October full year forecast. At this point last year shipments were 11% of the October forecast. Monday cotton sales on The Seam were 2,767 bales at an average gross price of 69.73 cents/lb. USDA’s Cotton Spot Quotations update for 11/4 showed 3,918 bales sold for an average 65.66 cents/lb. The Cotlook A index fell another 15 points to 75.60 cents/lb on 11/03. The AWP for cotton is 57.37, and will be updated tomorrow.

Dec 20 Cotton closed at 70.23, down 1 point,

Mar 21 Cotton closed at 71.19, down 1 points

May 21 Cotton closed at 71.95, down 5 points

Jul 21 Cotton closed at 72.55, down 15 points

--- provided by Brugler Marketing & Management

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