Cotton Closes Lower on Wednesday

Cotton futures were 54 to 63 points in the red on Wednesday, continuing a retreat from new highs set on Monday. The markets will be closed on Thursday, with no overnight session on Thursday night. They will resume on Friday morning, with an early close. USDA’s Export Sales report is also pushed back to Friday. On Tuesday, The Seam posted a sale of just 3,437 bales traded at an average price of 65.82 cents/lb, up 79 down 4.65 cents from the previous day, likely on the low volume. The Cotlook A index was up another 95 points to 80.15 cents/lb as of November 24. The AWP for cotton is 56.84 cents/lb. through Thursday.

DEC 20 Cotton closed at 70.9, down 63 points,
MAR 21 Cotton closed at 72.41, down 57 points
MAY 21 Cotton closed at 73.29, down 54 points
JUL 21 Cotton closed at 73.91, down 56 points

--- provided by Brugler Marketing & Management

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