Cotton Sees Modest Gains so far Friday

Cotton futures are seeing increases so far this Friday. Cotton weekly export sales are up 9.33% compared to last week and are the highest since February, at 206,468 running bales. The cumulative sales for the market year are now at 9.135 million only 0.22% below last year’s pace. The Cotlook A Index bounced up another 100 points on Oct to 75.00 cents/lb. The updated Adjusted World Price of cotton is now 55.26, up 1.36 from last Thursday’s AWP. With a tropical storm, most of the Southeastern US and parts of eastern Texas can expect to receive some moisture. Trade agreements are being discussed in Vietnam this afternoon, Vietnam imports 54% of their approximate 7.3 Million bales from the United States.

DEC 19 Cotton is at 65.11, up 12 points,

MAR 19 Cotton is at 65.79, up 28 points

MAY 20 Cotton is at 66.29, up 40 points

JUL 20 Cotton is at 66.69, up 56 points

-- provided by Brugler Marketing & Management

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