Cotton Market Commentary

Cotton futures closed the Tuesday session with 99 to 144 point losses in the front months. Traders are waiting to see how Tuesday’s election will turn out. Monday afternoon’s Crop Progress report had harvest progress in TX moving 2% to 38% vs. the 40% average, with GA 53% harvested (54% avg). Texas condition ratings were down 10 to 253, with GA losing another 6 points to 244. The Cotlook A index was down 25 points from the previous day at 88.35 cents/lb on November 5. The USDA weekly AWP is 68.56 cents/lb through Thursday.

Dec 18 Cotton closed at 77.430, down 144 points,

Mar 19 Cotton closed at 79.270, down 107 points

May 19 Cotton closed at 80.640, down 99 points

--provided by Brugler Marketing & Management




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