Cotton Up at Friday Midday

Cotton futures prices were higher on Friday, rising 29 to 50 points. Commitment of Traders data for Tuesday showed spec traders in cotton futures and options reduced their net short position to 44,642 contracts. The Cotlook A Index was unchanged on August 15 at 70.90 cents/lb. The weekly AWP is 52.22 cents/lb, a slight decline from last week but still above loan rate. The “costs to market” adjustment for the 2019/20 crop year is 15.20 cents/lb and is included in the calculation of the AWP. It became effective August 9, 2019. Dry conditions continue in Texas, with very limited precipitation seen in the next 5 days.

OCT 19 Cotton closed at 59.95, up 29 points,

DEC 19 Cotton closed at 60.12, up 50 points

MAR 20 Cotton closed at 60.7, up 46 points

MAY 20 Cotton closed at 61.6, up 44 points

--- provided by Brugler Marketing & Management

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