Cotton futures are showing 8 to 33 point losses in most contracts on Turnaround Tuesday. USDA Secretary Perdue suggested on Monday that China could return to more active US business around Jan 1, though it is not clear if that means reducing tariffs. The Cotlook A index was back up 25 points from the previous day on Nov 30 at 86.80 cents/lb. The weekly USDA AWP was updated to 67.92 cents/lb on Thursday morning, up just 3 points from the week prior. USDA will delay its weekly Export Sales report until Friday, as the government is closed for Wednesday’s National Day of Mourning for former President George H.W. Bush. The CFTC Cotton-on-Call report will be delayed until Friday as well.
Dec 18 Cotton is at 78.69, down 22 points,
Mar 19 Cotton is at 79.62, down 33 points
May 19 Cotton is at 80.85, down 19 points
Jul 19 Cotton is at 81.950, down 8 points
--provided by Brugler Marketing & Management