Cotton Market Commentary
cmdty Insider - BRUG - Wed Dec 05, 7:30AM CST

Cotton futures are trading 4 lower to 25 higher this morning. They saw 9 to 14 point losses in the front months on Tuesday, with deferred contracts slightly higher. The dollar index rallied sharply into the Tuesday close, taking away some of the bullish incentive in the commodities. The Cotlook A index was back up 25 points from the previous day on Nov 30 at 86.80 cents/lb. The weekly USDA AWP is 67.92 cents/lb through Thursday. USDA will delay its weekly Export Sales report until Friday, as the government is closed for Wednesday’s National Day of Mourning for former President George H.W. Bush. The CFTC Cotton-on-Call report will be delayed until Friday as well. The Cert stocks level as of December 3 was at 147,199 bales. There were deliveries of another 77 contracts against December overnight, all stopped by an SG Americas client.

--provided by Brugler Marketing & Management




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