Front month cotton futures were 62 to 85 points higher. Last week, The Seam reported 18,923 bales sold for a wtd av price of 66.24 cents/lb. USDA’s Spot Cotton Quotations report showed 2,871 bales were sold at an average gross price of 67 cents/lb. As of 10/25 5% of cotton crops remain with unopened bolls, compared to 7% remaining LW and 8% average. Harvesting continues at average pace; an additional 8% of the crop was picked on the week bringing harvest to 42% complete. NASS ratings on the remaining crop resulted in a 311 on the Brugler500 index. The Cotlook A index was 90 points better on 10/23 at 77.75 cents/lb. The AWP for the week is 55.71 cents/lb.
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Dec 20 Cotton closed at 72.11, up 82 points, |
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Mar 21 Cotton closed at 72.72, up 85 points |
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May 21 Cotton closed at 73.22, up 77 points |
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Jul 21 Cotton closed at 73.58, up 72 points |
--- provided by Brugler Marketing & Management
