Cotton Falls Triple Digits

Cotton traded 78 to 109 points lower on the first trading day of the week. ICE reported 12 more deliveries against Dec futures issued, stopped by SG Americas. MTD December deliveries were 265, (with SG stopping 232 of them). The Thanksgiving delayed CoT report showed managed money increased their net long to 61,285 contracts in the week ending Nov 24. Cotton harvest from the last Crop Progress report for 2020 was up 7% on the week to 84% cut. The average is 79%. Last week’s online business on The Seam was 45,301 bales for a weighted average price of 69.73 cents/lb. The Cotlook A index was firm at 78.95 cents/lb for the 27th. The AWP for cotton is 58.63 cents/lb.

Dec 20 Cotton closed at 70.59, down 109 points,
Mar 21 Cotton closed at 72.15, down 109 points
May 21 Cotton closed at 73.05, down 101 points
Jul 21 Cotton closed at 73.75, down 96 points

--- provided by Brugler Marketing & Management




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