Cotton Market Commentary

Cotton futures saw 9 to 14 point losses in the front months on Tuesday, with deferred contracts slightly higher. 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. The Cert stocks level as of December 3 was at 147,199 bales.

Dec 18 Cotton closed at 78.770, down 14 points,

Mar 19 Cotton closed at 79.810, down 14 points

May 19 Cotton closed at 80.950, down 9 points

--provided by Brugler Marketing & Management

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