Cotton trading range for the day is 19030-19510

Cotton on MCX settled up 0.31% at 19290 on short covering after prices dropped due to improved sowing, higher imports and weak international prices. USDA lowered India's 2019-20 cotton crop to 300 bales (each bale of 480 pounds) down 5 lakh bales it projected in October due to adverse weather conditions in some states However, the crop is higher than 2018-19 when pest attack in Maharashtra and Telangana and erratic rains in Gujarat hit yield.

Trading Idea for the day

* Cotton trading range for the day is 19030-19510.

* Cotton gained on short covering after prices dropped due to improved sowing, higher imports and weak international prices.

* However, the crop is higher than 2018-19 when pest attack in Maharashtra and Telangana and erratic rains in Gujarat hit yield.

* USDA hiked India's 2019-20 cotton import numbers to 18 lakh bales from last month's estimates of 16 lakh bales.

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