Cotton Harvest ahead of Normal, but Slowing

Cotton futures are 55 to 94 points lower after Monday’s round of trading. Weekly Crop Progress Report stated that cotton harvest is still ahead of schedule, listed at 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 7 day forecast from the national weather service is indicating another wet week, the map indicates that most of the cotton region will get precipitation, showing as much as 2 1/4 inches accumulated, and parts of Northeast Georgia even expected to get more than 3 inches accumulated. Big online sales on Friday pushed the weekly total sales up to 30,460 bales on The Seam. 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.

DEC 19 Cotton closed at 64.18, down 68 points,

MAR 19 Cotton closed at 65.75, down 94 points

MAY 20 Cotton closed at 67.03, down 84 points

JUL 20 Cotton closed at 68.29, down 55 points

--provided by Brugler Marketing & Management




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