Nearby Cotton Futures Higher

Cotton futures are mixed so far this Tuesday. The USDA’s weekly crop progress report showed cotton harvest was 5 and percentage points ahead of average (2 above last year’s pace), at 53% complete. The 7 day forecast did indicate, however, that some moderate to heavy precipitation for North East Texas and most of Oklahoma is expected. And for the South, is about an inch of accumulated precipitation could slow up this harvest. The 11/04 Cotlook A Index decreased by 20 points, and is 75.05 cents/lb. The 10/31 AWP was 57.33 cents/lb, and will remain until Thursday’s update.

DEC 19 Cotton is at 63.69, up 3 points,

MAR 19 Cotton is at 65.36, up 9 points

MAY 20 Cotton is at 66.38, down 14 points

JUL 20 Cotton is at 67.27, down 22 points

--provided by Brugler Marketing & Management

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