Cotton futures are showing sharp 85 to 124 point gains at midday, in hopes that China follows through with the commitments to buy more US ag goods. The Cotlook A index was 100 points higher than the previous day on Dec 3 at 87.80 cents/lb. The weekly USDA AWP is 67.92 cents/lb through Thursday. The Cert stocks level as of December 4 was at 140,322 bales. There were deliveries of another 77 contracts against December overnight, all stopped by an SG Americas client.
Mar 19 Cotton is at 81.05, up 124 points
May 19 Cotton is at 82, up 105 points
Jul 19 Cotton is at 82.740, up 85 points
--provided by Brugler Marketing & Management