December cotton was materially higher Friday, until the waning moments of trade. End of the month and holiday squaring, plus the potential of a Caribbean storm ran prices to nearly 8300, before retreating to nearly unchanged levels. Volume was estimated at was 15,000 contracts. For the week, December was up some 59 points, but for the month of August it was down about 737 points.
Next week, besides what may come of the Caribbean storm, the market will have crop condition data on Tuesday, sales and exports on Friday, plus the Labor Department will issue its all-important jobs data on Friday as well.
December cotton settled 8222, minus 4, March was 8258, down 5, and December 2019 was 7826 up 18.
