AgriCharts Market Commentary

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Cotton

Cotton futures posted 101 to 250 point gains in most nearby contracts to end the week, as May was up 2.47% since last Friday. The large money managers in cotton futures and options added another 3,835 contracts to their net long position as of Tuesday, to a net position of 80,111 contracts. The Cotlook A index was down 50 points from the previous day at 91.70 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

May 18 Cotton closed at 85.470, up 250 points,

Jul 18 Cotton closed at 84.730, up 191 points

Oct 18 Cotton closed at 81.670, up 101 points

Cotton

Cotton futures are 56 to 165 points higher at midday. Weekly upland cotton exports were 361,952 RB for the week of 4/12, slightly above this time last year and down 27.55% from a week ago. Upland cotton export commitments are 17% larger than last year, as they have now reached 110% of the USDA export projection. The average for this week is 94%. The Cotlook A index was down 50 points from the previous day at 91.70 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

May 18 Cotton is at 84.62, up 165 points,

Jul 18 Cotton is at 84.2, up 138 points

Dec 18 Cotton is at 79.150, up 56 points

Cotton

Cotton futures are trading 19 to 72 points higher this morning, led by old crop May. They closed 1 to 27 points higher on Thursday, with Oct the exception at +190 points on thin trade. Upland cotton export sales totaled 290,248 RB for the week of 4/12. That was 61.83% larger than the week prior and 28.28% above this time last year. Weekly Upland cotton exports were 361,952 RB, slightly above this time last year and down 27.55% from a week ago. Upland cotton export commitments are 17% larger than last year, as they have now reached 110% of the USDA export projection. The average for this week is 94%. The Cotlook A index was down 25 points from the previous day at 92.20 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb, 16 points lower than the previous week.

Cotton

Cotton futures closed the Thursday session by squeezing out 1 to 27 point gains, as Oct was up 190 points on thin trade. All upland cotton export sales were reported at 290,248 RB for the week of 4/12. That was 61.83% larger than the week prior and 28.28% above this time last year. China purchased 77,900 RB, with Vietnam buying 74,600 RB. New crop sales were shown at the second largest this MY at 229,791 RB. Upland cotton exports were reported at 361,952 RB, slightly above this time last year and down 27.55% from a week ago. The Cotlook A index was down 25 points from the previous day at 92.20 cents/lb. The USDA Adjusted World Price (AWP) was updated to 72.16 cents/lb earlier today, 16 points lower than the previous week.

May 18 Cotton closed at 82.970, up 23 points,

Jul 18 Cotton closed at 82.820, up 21 points

Oct 18 Cotton closed at 80.660, up 190 points

Cotton

Cotton futures are currently 5 to 13 points lower in the front months, with back months higher. All upland cotton export sales were reported at 290,248 RB for the week of 4/12. That was 61.83% larger than the week prior and 28.28% above this time last year. China purchased 77,900 RB, with Vietnam buying 74,600 RB. New crop sales were shown at the second largest this MY at 229,791 RB. The Cotlook A index was down 25 points from the previous day at 92.20 cents/lb. The USDA Adjusted World Price (AWP) currently at 74.32 cents/lb will be updated later today.

May 18 Cotton is at 82.69, down 5 points,

Jul 18 Cotton is at 82.48, down 13 points

Oct 18 Cotton is at 79.9, up 114 points

Dec 18 Cotton is at 78.450, up 13 points


Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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