Cotton futures were 29 to 52 points lower after the close. CONAB issued a 2.73 MMT forecast of 19/20 Brazilian cotton crop, which is 10,000 above the October estimate. The Seam reported online cotton sales of 7,082 on 11/12. Cotton exports to China have been low enough over the last few years to persuade some analysts to adjust 2020/21 cotton planted acreage down; of course as harvest is still under way for this crop. Bear in mind there is a lot that can happen from now until then. The Nov 12th Cotlook A Index dropped 95 points, down to 75.00 cents/lb. The AWP of 56.63 cents/lb will be updated tomorrow.

--provided by Brugler Marketing & Management