AgriCharts Market Commentary

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Cotton

Cotton futures were 5 to 92 points higher in most contracts on Monday, as the US dollar was down 366 points. Cotton condition ratings increased to 63% g/e in this week’s USDA Crop Progress report, and the Brugler500 is now at 362, up 4 points. The US cotton crop now has 12% of the bolls opening, vs. last year’s 15%. The USDA cotton AWP for this week is 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 1 was unchanged from the previous day at 77.40 cents/lb. On Monday, China sold 28,000 MT of cotton at an auction of state reserves, as 29,600 MT was offered.

Oct 17 Cotton closed at 68.710, up 92 points,

Dec 17 Cotton closed at 67.560, up 28 points

May 18 Cotton closed at 67.900, up 19 points

Cotton

Cotton futures are trading 4 to 21 points higher at midday. The US dollar is 331 points lower at the moment. The USDA cotton AWP for this week is 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 1 was unchanged from the previous day at 77.40 cents/lb. Friday afternoon’s CFTC report indicated spec traders trimming their net long position in cotton futures and options trading by 4,390 contracts to +29,596 contracts as of Tuesday. On Monday, China sold 28,000 MT of cotton at an auction of state reserves, as 29,600 MT was offered. Last week, they sold 70.77% of the 148,237 MT offered.

Oct 17 Cotton is at 68, up 21 points,

Dec 17 Cotton is at 67.45, up 17 points

Mar 18 Cotton is at 67.14, up 8 points

May 18 Cotton is at 67.750, up 4 points

Cotton

Cotton futures are 25 points lower to 8 points higher this morning. They settled mostly 19 to 50 points higher on Friday. The US dollar was slightly supportive, as it was down 202 points. The USDA cotton AWP for this week is 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 17 was down 30 points at 77.40 cents/lb. Friday afternoon’s CFTC report indicated spec traders trimming their net long position in cotton futures and options trading by 4,390 contracts to +29,596 contracts as of Tuesday. China sold 23,400 MT of the 29,476 MT of cotton offered at Friday’s auction of state reserves. On the week, they sold 70.77% of the 148,237 MT offered.

Cotton

Cotton futures were mostly 19 to 50 points higher on Friday, as nearby Oct showed no volume. The US dollar was slightly supportive, as it was down 202 points. The USDA cotton AWP for this week is 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 17 was down 30 points at 77.40 cents/lb. Friday afternoon’s CFTC report indicated spec traders trimming their net long position in cotton futures and options trading by 4,390 contracts to +29,596 contracts as of Tuesday. China sold 23,400 MT of the 29,476 MT of cotton offered at Friday’s auction of state reserves. On the week, they sold 70.77% of the 148,237 MT offered.

Oct 17 Cotton closed at 67.790, up 34 points,

Dec 17 Cotton closed at 67.280, up 37 points

May 18 Cotton closed at 67.710, up 38 points

Cotton

Cotton futures are mostly 23 to 44 points higher, as nearby Oct is showing no trade. The US dollar is slightly supportive, as it is down 160 points. Upland cotton export commitments are 66.3% larger than last year at this time, @ 6.13 million RB. The USDA cotton AWP for the coming week will be 59.70, down from 62.46 cents/lb in the week just ended. The Cotlook A index for August 17 was down 30 points at 77.40 cents/lb. China sold 23,400 MT of the 29,476 MT of cotton offered at Thursday’s auction of state reserves.

Dec 17 Cotton is at 67.35, up 44 points

Mar 18 Cotton is at 66.99, up 23 points

May 18 Cotton is at 67.620, up 29 points


Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com