Thursday Cotton Making a Triple Digit Move
BRUG - Thu Dec 12, 11:59AM CST

Cotton futures are in the black at midday, with gains of 72 to 106 points (minus illiquid Oct) in the front months. Weekly export sales data released from the USDA this morning showed that cotton sales were up 70% wk/wk with combined net sales shown at 283,676 RB, sales were also above the 5-week average of 277k RB. The report showed accumulated exports of cotton grew 6% to 3.286 MRB on the MY, which is 15.67% above last year’s pace. The Seam online cotton trading reported another very active day for 12/10 with 21,933 bales sold at an average gross price of 59.89 cents per bale. The Cotlook A Index regained yesterday’s 50 points and is back to 75.35 for 12/11. The weekly AWP is 55.97 cents/lb through this afternoon

Mar 20 Cotton is at 66.94, up 106 points,

May 20 Cotton is at 67.92, up 97 points

Jul 20 Cotton is at 68.47, up 72 points

Oct 20 Cotton is at 68.01, unch

---provided by Brugler Marketing & Management




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