AgriCharts Market Commentary

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Cotton

Cotton futures were 24 to 43 points lower in most contracts on Friday, pressured by a sharply rising UD dollar, up 397 points. The Adjusted World Price (AWP) was updated to 59.73 cents/lb, down 71 points from the previous week.The Cotlook A index for October 19 was unchanged from the previous day at 77.85 cents/lb. The CFTC reported nearly 13.902 million bales worth of sales in unpriced mill on-call options spread out all the way to March 2020. The Friday night Commitment of Traders report showed the managed money spec funds again trimming the net long position in cotton futures/options. They were still net long 48,682 lots on October 17.

Dec 17 Cotton closed at 66.880, down 43 points,

Mar 18 Cotton closed at 66.770, down 24 points

Jul 18 Cotton closed at 68.490, down 25 points

Cotton

Cotton futures are trading 8 to 24 points lower, pressured by a sharply rising UD dollar, up 516 points at noon. Export commitments for upland cotton are now 36.3% greater than this time last year. They are currently 58% of the USDA export projection, well ahead of the 41% for this time last year and the average of 45%. The Adjusted World Price (AWP) was updated to 59.73 cents/lb, down 71 points from the previous week.The Cotlook A index for October 19 was unchanged from the previous day at 77.85 cents/lb. The CFTC reported nearly 13.902 million bales worth of sales in unpriced mill on-call options.

Dec 17 Cotton is at 67.07, down 24 points,

Mar 18 Cotton is at 66.93, down 8 points

May 18 Cotton is at 67.93, down 9 points

Jul 18 Cotton is at 68.540, down 20 points

Cotton

Cotton futures are 7 to 12 points higher this morning after closing mostly 9 to 32 points lower on Thursday. December futures traded at the lowest prices since August yesterday. All upland cotton 17/18 export sales increased nearly 63.95% from the previous week but lagged last week by 25.57% at 253,182 RB. Most of the sales went to Vietnam at 61,600 RB and Bangladesh with 61,500 RB purchased. There was an additional sale of 8,000 RB for 18/19 delivery to China. Exports of upland cotton were reported at 86,125 RB. Export commitments for upland cotton are now 36.3% greater than this time last year. All pima sales totaled nearly 17,500 RB, 20% lower than last week. The Adjusted World Price (AWP) was updated to 59.73 cents/lb, down 71 points from the previous week. The Cotlook A index for October 17 was 15 points higher at 77.85 cents/lb.

Cotton

Cotton futures were mostly 9 to 32 points lower on Thursday. All upland cotton 17/18 export sales increased nearly 63.95% from the previous week but lagged last week by 25.57% at 253,182 RB. Most of the sales went to Vietnam at 61,600 RB and Bangladesh with 61,500 RB purchased. There was an additional sale of 8,000 RB for 18/19 delivery to China. Exports of upland cotton were reported at 86,125 RB. All pima sales totaled nearly 17,500 RB, 20% lower than last week. The Adjusted World Price (AWP) was updated to 59.73 cents/lb, down 71 points from the previous week. The Cotlook A index for October 17 was 15 points higher at 77.85 cents/lb.

Dec 17 Cotton closed at 67.310, down 32 points,

Mar 18 Cotton closed at 67.010, down 32 points

Jul 18 Cotton closed at 68.740, down 21 points

Cotton

Cotton futures are showing losses of 10 to 24 points in the nearby contracts on Thursday. All upland cotton 17/18 export sales increased nearly 63.95% from the previous week but lagged last week by 25.57% at 253,182 RB. Most of the sales went to Vietnam at 61,600 RB and Bangladesh with 61,500 RB purchased. There was an additional sale of 8,000 RB for 18/19 delivery to China. All pima sales totaled nearly 17,500 RB, 20% lower than last week. The Adjusted World Price (AWP) is currently at 60.44 cents/lb and will be updated today. The Cotlook A index for October 17 was 15 points higher at 77.85 cents/lb.

Dec 17 Cotton is at 67.39, down 24 points,

Mar 18 Cotton is at 67.09, down 24 points

May 18 Cotton is at 68.08, down 20 points

Jul 18 Cotton is at 68.850, down 10 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
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