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Cotton Market Up 21 to 27 Points
BRUG - Fri Dec 13, 7:33AM CST

The cotton market starts off with gains of 21 to 27 points while it waits for some sort of Chinese confirmation that the trade deal is a go. Cotton futures closed in the black on Thursday, with old crop advancing triple digits. Weekly USDA export sales were up 70% wk/wk with combined net sales shown at 283,676 RB. Those sales were also above the 5-week average of 277k RB. The report showed accumulated exports of cotton grew 6% to 3.286 MRB on the MY, which is 15.67% above last year’s pace. The Seam online cotton trading reported another active day for 12/11 with 14,209 bales sold at an average gross price of 58.42 cents per bale. The Cotlook A Index regained yesterday’s 50 points and is back to 75.35 for 12/11. The updated AWP for cotton increased by 69 points to 56.66 cents per lb. The previous movement was a 23 point decrease.

---provided by Brugler Marketing & Management

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