Turn Around Tuesday for Some Cotton

Cotton futures closed on Tuesday up by as much as 29 points, however nearby Dec futures was UNCH from yesterday’s lower close. USDA’s weekly Crop Progress report showed the cotton crop 46% harvested in the 15 tracked states. Harvest in TX was 2% above normal at 36% complete, with GA 12% faster than average at 56%. Those 15 states received a condition rating score of 322 on the Brugler500 index based on USDA’s very poor to excellent ratings. That is the final condition score of the year. The Cotlook A Index was up by 50 points on Oct 28, to 75.50 cents/lb. The AWP from 10/24 is 57.11 cents/lb, good through this Thursday.

DEC 19 Cotton closed at 64.79, unch,

MAR 19 Cotton closed at 65.85, up 7 points

MAY 20 Cotton closed at 66.76, up 22 points

JUL 20 Cotton closed at 67.48, up 29 points

-- provided by Brugler Marketing & Management

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