Cotton Recovering at Midday

After Turnaround Tuesday’s pullback, front month cotton futures are back 45 to 57 points in the black led by Dec . Since the turn of the month, December futures are 36 points higher, but have traded within a 2.88 cent range. The national average cash cotton price from cmdtyView was 68.05 cents yesterday. Monday action on The Seam saw a 15 week high of 14,787 bales sold at a 68.07 cents/lb average price. The Cotlook A index jumped 135 points higher on 11/17 back up to 77.80 c/lb. This week’s AWP for cotton is 56.71 cents/lb. Certified stocks from ICE were 6,944 bales higher to 107,126 bales. Memphis alone had 77,119 bales certified.

Dec 20 Cotton is at 69.68, up 57 points,
Mar 21 Cotton is at 71.82, up 52 points
May 21 Cotton is at 72.63, up 45 points
Jul 21 Cotton is at 73.35, up 48 points

--- provided by Brugler Marketing & Management




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