AgriCharts Market Commentary

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Cotton Market Lower Overnight on Equities and Energy

Cotton futures are trading 22 to 42 points lower this morning. The dollar, energy and equities are all trading lower this morning. They were up 36 to 120 points in most contracts on Thursday. All old crop upland cotton export sales were reported at 238,967 RB by the USDA this morning. That was up 9.84% wk/wk but down 23.4% from this time last year. Turkey was the top buyer of 88,400 RB, with 74,600 RB for India. Chinese purchases totaled 13,095 RB. New crop sales were shown at 48,928 RB, with 17,600 MT to China. Actual shipments for the week of 4/18 totaled 317,980 RB, down 24.35% from the same week last year. The Cotlook A Index was down 55 points at 87.20 on April 24. The weekly Average World Price (AWP) was updated on Thursday to 68.68, down 20 points from last week. --provided by Brugler Marketing & Management

Cotton Market Up 65 Plus on Improved Weekly Export Sales

Cotton futures were up 36 to 120 points in most contracts on Thursday. All old crop upland cotton export sales were reported at 238,967 RB by the USDA this morning. That was up 9.84% wk/wk but down 23.4% from this time last year. Turkey was the top buyer of 88,400 RB, with 74,600 RB for India. Chinese purchases totaled 13,095 RB. New crop sales were shown at 48,928 RB, with 17,600 MT to China. Actual shipments for the week of 4/18 totaled 317,980 RB, down 24.35% from the same week last year. The Cotlook A Index was down 55 points at 87.20 on April 24. The weekly Average World Price (AWP) was updated on Thursday to 68.68, down 20 points from last week.

May 19 Cotton closed at 76.97, up 120 points,

Jul 19 Cotton closed at 78.32, up 120 points

Oct 19 Cotton closed at 76.88, up 71 points

Dec 19 Cotton closed at 76.71, up 65 points,

--provided by Brugler Marketing & Management

Cotton Market Higher on Better Exports

Cotton futures are up 55 to 117 points All old crop upland cotton export sales were reported at 238,967 RB by the USDA this morning. That was up 9.84% wk/wk but down 23.4% from this time last year. Turkey was the top buyer of 88,400 RB, with 74,600 RB for India. Chinese purchases totaled 13,095 RB. New crop sales were shown at 48,928 RB, with 17,600 MT to China. The Cotlook A Index was down 55 points at 87.20 on April 24. The weekly Average World Price (AWP) was updated on Thursday to 68.68, down 20 points from last week.

May 19 Cotton is at 76.5, up 73 points,

Jul 19 Cotton is at 78.29, up 117 points

Dec 19 Cotton is at 76.61, up 55 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 23 to 44 points higher this morning. They posted 79 to 80 point losses in the front months on Wednesday. The Dollar index saw strength on Wednesday and has continued to rise this morning, reaching its highest point since May 2017. There were 114 deliveries against May futures on Wednesday. USDA will update their weekly Export Sales report on Thursday, with a close eye kept on Chinese business following their recent increase in quota. The Cotlook A Index was down 50 points at 87.75 on April 23. The weekly Average World Price (AWP) is 68.88 and will be updated later today.

--provided by Brugler Marketing & Management

Cotton Market Pressured by Stronger Dollar

Cotton futures posted 79 to 80 point losses in the front months on Wednesday. The Dollar index saw continued strength on Wednesday, at its highest point since May 2017. There were 114 deliveries against May on Wednesday. USDA will update their weekly Export Sales report on Thursday, with a close eye kept on Chinese business. The Cotlook A Index was down 50 points at 87.75 on April 23. The weekly Average World Price (AWP) is 68.88, effective through Thursday.

May 19 Cotton closed at 75.770, down 80 points,

Jul 19 Cotton closed at 77.120, down 79 points

Oct 19 Cotton closed at 76.170, down 80 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