Cotton Closes off Highs

At the closing bell on Thursday, front month cotton futures were 59 to 79 points higher. Dec fell back 48 points from the day’s high. For the first week of the MY, cotton export sales were 6,891 RBs, with 2.883m RBs in unshipped sales from 19/20 rolled over to 20/21. New Crop commitments are at 6.289M RBs to start the MY. Cotton exports on the week were 322,167 RBs, down 24,592 RBs wk/wk. The week’s sales on The Seam through Wednesday were 3,075 bales at an average gross price of 61.95 cents/lb. The Cotlook A index for Aug 12 was up another 50 points to 69.5 cents/lb. The AWP for cotton is 49.44 cents/lb and LDP is 2.56 cents/lb, with fresh numbers after the close.

Oct 20 Cotton closed at 62.43, up 59 points,

Dec 20 Cotton closed at 62.99, up 79 points

Mar 21 Cotton closed at 63.92, up 78 points

May 21 Cotton closed at 64.63, up 74 points

--- provided by Brugler Marketing & Management

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