AgriCharts Market Commentary

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Cotton Market Commentary

Cotton futures posted 27 to 35 point losses in the nearby contracts on Monday. The US dollar index saw sharp gains on the day. The Cotlook A index was down 195 points from the previous day on Dec 7 at 87.25 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday. Export commitments for upland cotton now lag a year ago by 0.5% but are 70% of USDA’s projected total vs. the 60% average. Ahead of the USDA report on Tuesday, traders are estimating US cotton carryout will be trimmed. The delayed Commitment of Traders report indicated spec traders in cotton futures and options adding 1,108 contracts to their net long position on 12/4 at 38,102 cotnracts.

Mar 19 Cotton closed at 79.880, down 35 points,

May 19 Cotton closed at 80.890, down 28 points

Jul 19 Cotton closed at 81.460, down 27 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are down 20 to 51 points in the front months on Monday. The US dollar index is showing strength at midday. The Cotlook A index was down 195 points from the previous day on Dec 7 at 87.25 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday. The CFTC Commitment of Traders report will be released this afternoon. Export commitments for upland cotton now lag a year ago by 0.5% but are 70% of USDA’s projected total vs. the 60% average. Ahead of the USDA report on Tuesday, traders are estimating US cotton carryout will be trimmed.

Mar 19 Cotton is at 79.72, down 51 points,

May 19 Cotton is at 80.84, down 33 points

Jul 19 Cotton is at 81.53, down 20 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading 10 to 29 points higher this morning. They settled on Friday with most contracts 53 to 115 points higher. The new nearby March cotton was up 1.67%. The USDA weekly Export Sales report showed all upland cotton 18/19 sales at 94,866 RB for the week of 11/29, down 46.34% from last week and 49.16% from last year. Vietnam purchased 31,900 RB, with Bangladesh at 28,300 RB. Net reductions of 30,292 RB were reported for China. Sales for the 19/20 crop totaled 80,520 RB, with China purchasing 28,160 RB. These sales took place prior to the Trump/Xi meeting. Upland export shipments were down 35.75% from a year ago, but up 25.69% from last week at 158,554 RB. The Cotlook A index was up 140 points from the previous day on Dec 6 at 89.20 cents/lb. The weekly USDA AWP is 69.34, effective through Thursday.

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures settled with most contracts 53 to 115 points higher, with new nearby March cotton up 1.67%. The USDA weekly Export Sales report showed all upland cotton 18/19 sales at 94,866 RB for the week of 11/29, down 46.34% from last week and 49.16% from last year. Vietnam purchased 31,900 RB, with Bangladesh at 28,300 RB. Net reductions of 30,292 RB were reported for China. Sales for the 19/20 crop totaled 80,520 RB, with China purchasing 28,160 RB. Upland export shipments were down 35.75% from a year ago, but up 25.69% from last week at 158,554 RB. Pima sales for 18/19 totaled 22,400 RB. The Cotlook A index was up 140 points from the previous day on Dec 6 at 89.20 cents/lb. The weekly USDA AWP is 69.34, up from 67.92 cents/lb the previous week. The new value is effective through next Thursday.

Mar 19 Cotton closed at 80.230, up 115 points,

May 19 Cotton closed at 81.170, up 91 points

Jul 19 Cotton closed at 81.730, up 61 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are showing 49 to 92 point gains on Friday. The USDA weekly Export Sales report showed all upland cotton 18/19 sales at 94,866 RB for the week of 11/29, down 46.34% from last week and 49.16% from last year. Vietnam purchased 31,900 RB, with Bangladesh at 28,300 RB. Net reductions of 30,292 RB were reported for China. Sales for the 19/20 crop totaled 80,520 RB, with China purchasing 28,160 RB. Pima sales for 18/19 totaled 22,400 RB. The Cotlook A index was up 140 points from the previous day on Dec 6 at 89.20 cents/lb. The weekly USDA AWP is 69.34, up from 67.92 cents/lb the previous week. The new value is effective through next Thursday.

Mar 19 Cotton is at 80, up 92 points,

May 19 Cotton is at 81.01, up 75 points

Jul 19 Cotton is at 81.61, up 49 points

--provided by Brugler Marketing & Management


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