Cottons Stealthy Rally Holds for the Weeks Close

Cotton gained 1.41% on the week and closed 8 to 17 points higher in nearby contracts on Friday before the weekend. August cotton exports were a 10 year high with 1.034 million bales exported. That was up 26.14% from last year but down 27.7% from July. Export commitments via weekly data show upland cotton at 57% of the USDA projection, ahead of the normal 50% pace. The Cotlook A Index was up 25 points at 71.95 cents/lb for October 3. Thursday’s updated AWP for this week saw a slight gain to 53.36 cents/lb.

DEC 19 Cotton closed at 61.76, up 16 points

MAR 20 Cotton closed at 62.53, up 17 points

MAY 20 Cotton closed at 63.35, up 8 points

-- provided by Brugler Marketing & Management




Market Commentary provided by:

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