Cotton Closes Tuesday with Gains
BRUG - Tue Nov 12, 4:51PM CST

Cotton futures closed 13 to 35 points higher today, with gains dwindling through the nearby futures contracts. Cotton harvesters tried to get ahead of this week’s forecasted wet weather, as the USDA crop progress report indicated cotton harvest is about a week ahead of last year’s pace, and is 3 percentage points ahead of average with 62% of the 19/20 crop harvested. Online cash sales reported on The Seam from Veteran’s Day were 1,130 bales, last week’s total was 20,117 bales at a weekly average (average) price of 57.86 cents/bale. The Cotlook A Index for 11/11 was 55 points higher to 75.95 cents/lb. The AWP will remain at 56.63 cents/lb through Thursday.

DEC 19 Cotton closed at 64.64, up 35 points,

MAR 19 Cotton closed at 66.4, up 32 points

MAY 20 Cotton closed at 67.59, up 23 points

JUL 20 Cotton closed at 68.62, up 13 points

--provided by Brugler Marketing & Management




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