AgriCharts Market Commentary

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Cotton

Cotton futures are trading 38 to 44 cents in the green at the moment. They closed Thursday with most contracts steady to 76 points higher, as support came from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) announced Thursday was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Cotton

Cotton futures closed the day with most contracts steady to 76 points higher, as support came from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. The weekly Export Sales report will be delayed until Friday due to Monday’s Holiday. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP) was up a steep 324 points from the previous week to 74.45 cents/lb. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Mar 18 Cotton closed at 82.630, up 49 points,

May 18 Cotton closed at 82.990, up 60 points

Jul 18 Cotton closed at 83.360, up 76 points

Cotton

Cotton futures are trading 60 to 68 points higher on Thursday, with support coming from a lower US dollar that had initially tried to rally. Farm Futures projects we will see 13.2 million acres of cotton planted in 2018/19, up 5% from last year, according to their recent producer survey. The weekly Export Sales report will be delayed until Friday due to Monday’s Holiday. Online cash sales for Tuesday reported on the Seam totaled 26,379 bales, as prices averaged 70.31 cents/lb, down 186 points from the previous day. The USDA Adjusted World Price (AWP), is 71.21 cents/lb, and will be updated later today per usual. The Cotlook A Index for January 17 was down 25 points from the previous day at 92.10 cents/lb.

Mar 18 Cotton is at 82.74, up 60 points,

May 18 Cotton is at 83.07, up 68 points

Jul 18 Cotton is at 83.26, up 66 points

Cotton

Cotton futures are trading 138 to 144 higher this morning. They posted gains of 40 to 74 points in the front months on Wednesday, with deferred contracts mixed. Recent weakness in the dollar has provided support. The US dollar was lower into the cotton close, but rebounded to finish 484 points higher. It is slightly higher this morning. Online cash sales for Tuesday reported on the Seam totaled 15,426 bales, as prices averaged 72.07 cents/lb, down 42 points from the previous day. The USDA Adjusted World Price (AWP), is 71.21 cents/lb, and will be updated today per usual. The Cotlook A Index for January 16 was UNCH from the previous day at 92.35 cents/lb.

Cotton

Cotton futures posted gains of 40 to 74 points in the front months on Wednesday, with deferred contracts mixed. Recent weakness in the dollar has provided support. The US dollar was lower into the cotton close, but rebounded to finish 484 points higher. Online cash sales for Tuesday reported on the Seam totaled 15,426 bales, as prices averaged 72.07 cents/lb, down 42 points from the previous day. The USDA Adjusted World Price (AWP), currently at 71.21 cents/lb, will be updated on Thursday. The Cotlook A Index for January 16 was UNCH from the previous day at 92.35 cents/lb.

Mar 18 Cotton closed at 82.140, up 71 points,

May 18 Cotton closed at 82.390, up 72 points

Jul 18 Cotton closed at 82.600, up 74 points


Market Commentary provided by:

Brugler Marketing & Management LLC
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