Cotton Futures on Both Sides of UNCH

Cotton futures are 5 lower to 15 higher as they begin this Friday the 13th session. December cotton options also expire today, which may account for that month being up while others are down. Yesterday cotton futures closed 65 to 80 points in the red. The national cotton cash price from cmdtyView was 67.6 cents/lb on the 11th. USDA’s Spot Quotations report showed 3,264 bales were sold at spot on the 12th, for an average price of 64.37 cents. The online cotton trading platform, The Seam, showed Wednesday sales were 3,711 bales for an average price of 64.81 cents/lb. The Cotlook A index was firm 77.60 cents/lb for the 11th. The week’s new AWP for cotton is 56.71 cents/lb, after a 70 point bump this week.

--- provided by Brugler Marketing & Management

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