Cotton futures cotton is lower on Friday, following the holiday with drops of 40 to 111 points so far. The 11/28 Cotlook A Index remained unchanged at 75.10 cents/lb. Cert stocks continue to rise, providing liquidity for December futures deliveries. There were 83,666 bales available for delivery on Wednesday. USDA weekly export sales data revealed that there was a 23.69% increase in sales wk/wk for the week ending 11/21. The 281,514 running bales sold was the second largest for the marketing year after 11/07’s weekly sales of 345,079 bales.
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DEC 19 Cotton is at 63.8, down 111 points, |
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MAR 19 Cotton is at 65.31, down 50 points |
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MAY 20 Cotton is at 66.41, down 50 points |
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JUL 20 Cotton is at 67.23, down 40 points |
--provided by Brugler Marketing & Management
