Cotton Starts off Week Mixed

Cotton futures had lost 26 points last week and so far on Monday we are seeing more of the same for Dec and Mar futures. The May and Jul cotton futures, however are making some gains, up by 8 to 26 points at midday. The US dollar index was firmer this morning, bouncing from 97.00 after a 3-session retreat following the Fed rate cut. The Cotlook A Index dropped 120 points for 11/01 to 75.25 cents/lb. The weekly AWP from 10/31 is 57.33 cents/lb and will be valid through next Thursday.

DEC 19 Cotton is at 63.99, down 24 points,

MAR 19 Cotton is at 65.56, down 8 points

MAY 20 Cotton is at 66.77, up 8 points

JUL 20 Cotton is at 67.75, up 26 points

--provided by Brugler Marketing & Management




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