Cotton Finishes Lower on Wednesday

Wednesday cotton futures were mostly lower in the nearby contracts after Wednesday’s session. Jul contracts made an 8 point climb, but the closer nearbys were lower by 9 to 27 points. The accumulated online sales, as per the Seam, are up to 6,518 bales as of 11/5. Last week’s total sold was 17,146 bales, at an average pace of 2,449 bales per day. The Cotlook A Index for 11/5 had decreased by 35 points, to 74.70 cents/lb. The AWP will be updated tomorrow afternoon, it was last adjusted upwards by 22 points and has been 57.33 cents/lb since 10/31.

DEC 19 Cotton closed at 63.64, down 17 points,

MAR 19 Cotton closed at 65.2, down 27 points

MAY 20 Cotton closed at 66.4, down 9 points

JUL 20 Cotton closed at 67.53, up 8 points

--provided by Brugler Marketing & Management




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