Cotton Market Commentary

Cotton futures were 77 to 153 points higher in most contracts on Wednesday. The US dollar index was lower on the day, 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. USDA will also show the weekly Export Sales report on Thursday morning. 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 closed at 78.960, up 153 points,

Mar 19 Cotton closed at 80.570, up 130 points

May 19 Cotton closed at 81.950, up 131 points

--provided by Brugler Marketing & Management

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