Cotton Up on Novembers Opening Day

Cotton futures finished November’s first day of trading with 16 to 20 point gains. December finished up 363 points for the month of October but was down for the week. The CFTC reported that managed money’s net short in cotton actually grew by 1,469 contracts to 6,098 as of 10/29. Online cash trades from the Seam saw 851 bales sold on Halloween. The Cotlook A Index was up 1 for 10/31 to 76.45 cents/lb. The weekly AWP from 10/31 is 57.33 cents/lb and will be valid through next Thursday.

DEC 19 Cotton closed at 64.64, up 20 points,

MAR 19 Cotton closed at 66.11, up 23 points

MAY 20 Cotton closed at 67.09, up 22 points

JUL 20 Cotton closed at 67.8, up 16 points

--provided by Brugler Marketing & Management

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