Triple Digit Discount for Black Friday Cotton
BRUG - Fri Nov 29, 2:58PM CST

Cotton futures were lower on Friday, with drops ranging from 39 to 153 points at the closing bell. The Dec cotton futures finished the week with a 4 point loss. The 11/28 Cotlook A Index remained unchanged at 75.10 cents/lb. USDA weekly export sales data revealed that there was a 23.69% increase in sales wk/wk for the week ending 11/21. The 281,514 running bales sold was the second largest for the marketing year after 11/07’s weekly sales of 345,079 bales. China accounted for 39,564 RB of the weekly sales, and 18,349 RB of the week’s shipments. The country has now been the destination for 252,583 RB on the MY. Wednesday was another big day on The Seam; with 5,723 bales sold the short week had already outsold the last 4 week’s totals, the running total as of Wednesday was 33,220 bales. The new AWP is 56.20 cents /lb, which was a 16 point reduction from last Thursday. Friday’s Cotton-on-Call Report from CFTC showed that March 2020 had 32,579 contracts that were unfixed call sales as compared to 25,620 on call purchases; they were revised up 1600 and 9600 contracts respectively.

DEC 19 Cotton closed at 63.38, down 153 points,

MAR 19 Cotton closed at 65.42, down 39 points

MAY 20 Cotton closed at 66.47, down 44 points

JUL 20 Cotton closed at 67.04, down 59 points

---provided by Brugler Marketing & Management




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