Cotton Mixed at the Close

Cotton futures closed anywhere from up 58 points in October to 17 points lower in December. The US dollar index hit the highest level since August 1, but closed lower on the day. Monday’s Crop Progress report indicated 32% of the bolls in TX opening as of Sunday, compared to the 15% average. In GA, 22% of the crop had bolls opening vs. the normal pace of 10%. Condition ratings were down 14 points on the Brugelr500 index overall, with TX 20 poitns lower on the week and GA up 5. The Cotlook A Index was unchanged on August 19 at 71.40 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate.

OCT 19 Cotton closed at 59.76, up 58 points

DEC 19 Cotton closed at 59.07, down 17 points

MAR 20 Cotton closed at 60.03, down 2 points

MAY 20 Cotton closed at 61.11, down 4 points

--- provided by Brugler Marketing & Management




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