Cotton Shooting Higher on Monday

Cotton futures are sharply higher on Monday, front month futures hitting an 18-month high of 72.70 earlier on the session. Today is first notice day for December cotton futures. USDA will release updated harvest progress later this afternoon. The Commitment of Traders report from CFTC showed a 1,529 contract reduction to managed money’s net long position. Cotton specs were 57,565 contracts net long on 11/17 The Cotlook A index was down 25 points to 77.90 c/lb as of November 20. The AWP for cotton is 56.84 cents/lb.

DEC 20 Cotton is at 72, up 112 points,
MAR 21 Cotton is at 73.85, up 89 points
MAY 21 Cotton is at 74.69, up 90 points
JUL 21 Cotton is at 75.29, up 89 points

--- provided by Brugler Marketing & Management 




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