Cotton Down at Midday

Cotton is down 17 to 38 points at midday with Dec the weakest so far. Weekly cotton bookings from USDA’s Export Sales report were 131,406 RBs for the week ending November 12. That was down 45% on the week and 62% below the same week last year, as China canceled on net 24,196 RBs of sales. 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 pulled back 15 points to 77.65 c/lb. The Adjusted World Price for cotton is 56.71 cents/lb, and will be updated after the close.

Dec 20 Cotton is at 69.3, down 38 points,
Mar 21 Cotton is at 71.58, down 25 points
May 21 Cotton is at 72.46, down 24 points
Jul 21 Cotton is at 73.17, down 21 points

 --- provided by Brugler Marketing & Management 

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