Nearby Cotton Futures Higher

Cotton futures close the Tuesday session mixed. Nearby Dec and Mar futures saw gains of 8 to 16 points, while May and Jul futures lost 5 to 7. September cotton exports, as per the USDA’s final numbers released this afternoon were 909,989 (480lb) bales. That’s 27.95% above September of 2018 but was the first time this year with less than 1 million bales shipped. The Seam reported 1,262 bales were sold online for 11/04. 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 closed at 63.74, up 8 points,

MAR 19 Cotton closed at 65.43, up 16 points

MAY 20 Cotton closed at 66.47, down 5 points

JUL 20 Cotton closed at 67.42, down 7 points

--provided by Brugler Marketing & Management

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