Cotton Market Commentary

Cotton futures are trading 18 to 42 points higher, trying to build on 53 to 69 point gains from Wednesday. The US dollar was sharply higher overnight after a two day sell off. The weekly Crop Progress report indicated that TX had 93% of the bolls open and harvest progress at 42% vs. the 48% average. GA was reported at 61% harvested, compared to the average at 64%. The Cotlook A index was down 135 points from the previous day at 86.05 cents/lb on Nov 13. The Cert stocks level for delivery against Dec Futures has risen to 97,981 bales. First notice day for December cotton deliveries is November 26.

--provided by Brugler Marketing & Management




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