Cotton Market 19 to 21 Higher Early Friday

Cotton futures start Friday 19 to 21 points higher. They posted gains from 13 to 55 points in nearby contracts to finish off Thursday’s session. Ted Mckinney on behalf of USDA is in Vietnam to discuss trade agreements amid trade war with China. Vietnam imports 54% of their approximate 7.3 Million bales from the United States. The majority of the remainder is from India, although they have steadily decreased their Indian imports over the last several years, opening a larger market share for U.S. Portions of western TX are expected to remain dry for the next 7 days, with the eastern half and Southeastern US expected to receive some moisture from a tropical storm. The Cotlook A Index bounced back up 120 points on Oct to 74.00 cents/lb. The updated Adjusted World Price of cotton is now 55.26, up 1.36 from last Thursday’s AWP.

-- provided by Brugler Marketing & Management

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