Cotton Market Commentary

Cotton futures are posting 177 to 210 point gains in most nearby contracts on Wednesday. The US dollar index is down 335 points at midday, following Tuesday’s election. The Fed meets this week, but most don’t expect another rate hike until next month. Traders are anticipating a reduction to US cotton production in Thursday’s USDA report because of the hurricane damage. The Cotlook A index was UNCH from the previous day at 88.35 cents/lb on November 6. The USDA weekly AWP is 68.56 cents/lb through Thursday, and will be updated that afternoon.

Dec 18 Cotton is at 79.53, up 210 points,

Mar 19 Cotton is at 81.17, up 190 points

May 19 Cotton is at 82.53, up 189 points

Jul 19 Cotton is at 83.560, up 177 points

--provided by Brugler Marketing & Management

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