Wednesday cotton futures printed their limited gains of 4 cents yesterday, but are back down by 47 to 64 points so far today. Dec prices are 7 points weaker on thinning OI during the delivery process.Â
Cotton bookings were 16,494 RBs during the week that ended 11/24 according to the Export Sales report. That was up from last week’s 116k RB cancelation, but was still well below the same week last year. Getting there included sales to India, Indonesia, and Pakistan again offset by reductions to Turkey. The week’s export total was 139k RBs for a season to date total of 3.24m RBs. There is also 1.14m RBs on the books for 23/24 cotton.Â
The Cotlook A Index for 11/30 was up 160 points to 99.10. The AWP for the week was 317 points lower to 74.61 cents. ICE certified stocks were 8,901 bales on 11/28.Â
Dec 22 Cotton  is at 85.98, down 7 points,
Mar 23 Cotton  is at 84.03, down 58 points,
May 23 Cotton  is at 83.41, down 62 points
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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