Cotton Higher at Friday’s Close

Cotton futures saw gains of 73 to 99 points on Friday. USDA reported a total of 354,689 RB in export bookings during the week of November 19. That was the second largest this MY and 55.84% above the same week last year. Sales for 21/22 totaled 38,480 RB. Commitments for upland cotton exports are now 71% of USDA’s official projection, with the 5-year average at 63%. Shipments are also running ahead of normal at 29% of the projected total. On Wednesday, The Seam posted a sale of 3,010 bales traded at an average price of 67.67 cents/lb, up 1.85 cents from the previous day. The Cotlook A index was down 50 points to 78.95 cents/lb as of November 26. The AWP for cotton is 58.63 cents/lb. through next Thursday, up 1.79 cents from last week.

DEC 20 Cotton closed at 71.53, up 73 points,
MAR 21 Cotton closed at 73.35, up 99 points
MAY 21 Cotton closed at 74.18, up 97 points
JUL 21 Cotton closed at 74.83, up 94 points

--- provided by Brugler Marketing & Management

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