Cotton futures saw some strength on Wednesday, with the front month 2 to 34 points higher. USDA will release the weekly Export Sales report on Thursday morning, with a look at the first full week of the 19/20 MY. A Chinese auction of state reserves saw 11,234 MT of cotton sold, which was 95.71% of the amount offered. The Cotlook A was down 75 points on August 13 at 69.60 cents/lb. The weekly AWP is 52.67 cents/lb and will be updated on Thursday.
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OCT 19 Cotton closed at 59.68, up 34 points, |
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DEC 19 Cotton closed at 59.5, up 9 points |
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MAR 20 Cotton closed at 60.18, up 13 points |
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MAY 20 Cotton closed at 61.03, up 2 points |
--provided by Brugler Marketing & Management
