Midweek Cotton Closed Higher

Front month cotton futures closed the midweek session with gains of 51 to 57 points. October ’21 futures, with just 5 contracts of OI, were only 36 points stronger at the close. The national average cash cotton price from cmdtyView was 68.05 cents yesterday. USDA’s Daily Spot Quotations report showed 14,595 bales were sold at spot on 11/18, mostly in W. Texas. The average selling price was 66.79 cents. 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.

Dec 20 Cotton closed at 69.68, up 57 points,
Mar 21 Cotton closed at 71.83, up 53 points
May 21 Cotton closed at 72.7, up 52 points
Jul 21 Cotton closed at 73.38, up 51 points

--- provided by Brugler Marketing & Management

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