Cotton Market Cautiously Higher
BRUG - Tue Nov 26, 7:24AM CST

Cotton futures are 2 to 10 points higher to begin your Tuesday. Cotton rallied on Monday with gains tapering off in the back months. Dec futures led the rally with a triple digit gain of 117 points. USDA cotton ginnings report data showed that as of Nov 15th 9.143 Million bales had been ginned. That was up 32.72% over last November and 48% over the 15 year average; and was the highest ginnings figure for November since 2012/13. Cotton harvest progressed 10 percentage points over last week, per the crop progress report. The 78% completion is 4 percentage points ahead of the average pace, and 10 points above last year’s pace. The 11/22 Cotlook A Index was down 15 points to 73.25 cents/lb. The AWP for cotton is 56.36 cents per lb. and effective through Thursday.

--provided by Brugler Marketing & Management




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