Cotton Market Down Again Overnight

Cotton futures are 24 to 36 points lower this morning. Monday they were 55 to 94 points lower. The USDA Weekly Crop Progress Report stated that cotton harvest is still ahead of schedule, showing 68% complete as compared to 58% for the same week last year and a 66% average. Cotton harvest progressed 6% on week, compared to last week’s 9% progress. The Cotlook A Index remained unchanged at 74.90 cents/lb for 11/15. The AWP for cotton was 46 points higher at 57.06 cents/lb.

--provided by Brugler Marketing & Management




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