Cotton futures are trading 34 to 48 points higher as the trade tries to price in crop losses from Hurricane Michael. They posted triple digit gains on Friday. The USDA Export Sales report listed 97,997 RB in 18/19 upland cotton sales during the week of 10/4. That was well above the week prior but down 36.54% from the same time last year. Vietnam purchased 70,000 RB, with 73,967 RB reported as a net reduction for China. Sales for 19/20 were tallied at 142,912 RB, with 136,400 RB sold to China. The Cotton Ginnings report showed that 1.287 million bales had been ginned as of 10/1, 3% larger than the same time last year. The Cotlook A index was down 20 points from the previous day at 86.15 cents/lb on October 11. The USDA weekly AWP is 67.73 cents/lb. and effective through Thursday.
--provided by Brugler Marketing & Management (402) 289-2330