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Cotton Closes off the Lows
Alan Brugler - BRUG - Tue Nov 24, 4:48PM CST

Cotton futures slipped 75 to 118 points on the day, with most front months more than 100 points off their lows. Traders were some money off the table following Monday’s 18 month high and ahead of Thursday’s holiday. With Monday first Notice day for Dec Futures, there were 78 notices put out, including 50 from a merchant. Stoppers were SG Americas and Marex clients. A swath of precip from the 7 day QPF shows much of Eastern TX to the East Coast getting hit, though harvest progressing faster than expected via the Crop Progress report pressured the market on Tuesday. The Seam had another large 34,261 bales traded on Monday at an average price of 70.47 cents, up 79 points from the previous day. The Cotlook A index was up 130 points to 79.20 cents/lb as of November 23. The AWP for cotton is 56.84 cents/lb. through Thursday.

DEC 20 Cotton closed at 70.97, down 118 points,
MAR 21 Cotton closed at 72.98, down 82 points
MAY 21 Cotton closed at 73.79, down 86 points
JUL 21 Cotton closed at 74.49, down 75 points

--- provided by Brugler Marketing & Management 

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