Cotton Market Commentary

Cotton futures settled with most contracts 53 to 115 points higher, with new nearby March cotton up 1.67%. The USDA weekly Export Sales report showed all upland cotton 18/19 sales at 94,866 RB for the week of 11/29, down 46.34% from last week and 49.16% from last year. Vietnam purchased 31,900 RB, with Bangladesh at 28,300 RB. Net reductions of 30,292 RB were reported for China. Sales for the 19/20 crop totaled 80,520 RB, with China purchasing 28,160 RB. Upland export shipments were down 35.75% from a year ago, but up 25.69% from last week at 158,554 RB. Pima sales for 18/19 totaled 22,400 RB. The Cotlook A index was up 140 points from the previous day on Dec 6 at 89.20 cents/lb. The weekly USDA AWP is 69.34, up from 67.92 cents/lb the previous week. The new value is effective through next Thursday.

Mar 19 Cotton closed at 80.230, up 115 points,

May 19 Cotton closed at 81.170, up 91 points

Jul 19 Cotton closed at 81.730, up 61 points

--provided by Brugler Marketing & Management

Market Commentary provided by:

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