Cotton Starts the Week Lower

Cotton futures saw triple digit losses at Monday’s closing, with DEC down 169 points and Mar closing 131 points lower. Optimism from last week’s trade sessions with China gave cotton a boost in the overnight, but now the market is shifting into “show me the money” mode. Crop Progress data will be released on Tuesday afternoon. The Cotlook A Index was down 75 points to 71.75 cents/lb for October 11. The AWP is 53.90 cents/lb through Thursday.

DEC 19 Cotton closed at 62.19, down 169 points,

MAR 19 Cotton closed at 63.14, down 131 points

MAY 20 Cotton closed at 63.95, down 86 points

JUL 20 Cotton closed at 64.62, down 34 points

-- provided by Brugler Marketing & Management

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