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Cotton Market Up 22 to 26 Points This Morning
Alan Brugler - BRUG - Mon Oct 26, 7:22AM CDT

Cotton comes out of the weekend with 22 to 26 points gains on the board. Friday trading left futures 64 to 75 points lower. Despite the Friday draw down, Dec contracts had a 137 point gain for the week. CFTC data showed managed money’s net long increased 5,253 contracts to 65,195 on 10/20. The net new buying on the week pushed spec traders to their most net long since 9/11 2018. The week’s sales on The Seam were 17,641 bales for a wtd average price of 66.48 cents through Thursday. USDA’s Cotton Market Review had the week’s average cash price at 65.27 cents for the week ending 10/22. That was up 2.19 cents wk/wk and 3.78 cents above the same week last year. The Cotlook A index was firm at 76.85 cents/lb on 10/22. The AWP for the week is 55.71 cents/lb.

--- provided by Brugler Marketing & Management

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