AgriCharts Market Commentary

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Cotton Lower on Friday, Pressured by Stronger Dollar

Cotton futures closed the day with 52 to 89 point losses, as July was up 0.53% this week. July options expired on Friday. A sharply higher US dollar index pressured the market, up 559 points. Spec funds in Cotton futures and options added 2,436 contracts to their net short position as of Tuesday, at 30,241 contracts. The Cotlook A index for June 13 was down 100 points from the previous day to 77.50 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

Jul 19 Cotton closed at 65.940, down 89 points,

Oct 19 Cotton closed at 66.610, down 52 points

Dec 19 Cotton closed at 65.750, down 68 points

--provided by Brugler Marketing & Management

Cotton Lower at Midday, Pressured by the Dollar

Cotton futures are down 10 to 77 points in most contracts on Friday. July options expire on Friday. A sharply higher US dollar index is pressuring the market so far at midday. The Cotlook A index for June 13 was down 100 points from the previous day to 77.50 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

Jul 19 Cotton is at 66.06, down 77 points,

Oct 19 Cotton is at 67.03, down 10 points

Dec 19 Cotton is at 65.82, down 61 points

Mar 20 Cotton is at 66.410, down 59 points

--provided by Brugler Marketing & Management

Cotton Market Pulls Back Overnight Following Thursday Rally

Cotton futures are 7 to 47 points lower to start your Friday. They were up 26 to 72 points on Thursday, despite weaker Export Sales data. The weekly Export Sales report from USDA showed just 75,110 RB in old crop upland sales, down from last week but more than double the same week last year. India purchased 30,400 RB, with 25,200 RB for Vietnam. New crop totaled just 42,959 RB. Shipments totaled 360,361 RB, a jump of 16.78% from last week but down 21.65% from the same week last year. The Cotlook A index for June 12 was down 35 points from the previous day to 76.50 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

--provided by Brugler Marketing & Management

Cotton Higher Despite Weak Export Sales

Cotton futures were up 26 to 72 points on Thursday, despite weaker Export Sales data. The weekly Export Sales report from USDA showed just 75,110 RB in old crop upland sales, down from last week but more than double the same week last year. India purchased 30,400 RB, with 25,200 RB for Vietnam. New crop totaled just 42,959 RB. Shipments totaled 360,361 RB, a jump of 16.78% from last week but down 21.65% from the same week last year. The Cotlook A index for June 12 was down 35 points from the previous day to 76.50 cents/lb. The weekly Average World Price (AWP) from USDA is 58.97 cents/lb through next Thursday, down 2.54 cents from last week.

Jul 19 Cotton closed at 66.830, up 26 points,

Oct 19 Cotton closed at 67.130, up 72 points

Dec 19 Cotton closed at 66.430, up 55 points

--provided by Brugler Marketing & Management

Cotton Higher Despite Weak Export Sales

Cotton futures are trading 41 to 115 points higher in most contracts on Thursday, despite weaker Export Sales data. The weekly Export Sales report from USDA showed just 75,110 RB in old crop upland sales, down from last week but more than double the same week last year. India purchased 30,400 RB, with 25,200 RB for Vietnam. New crop totaled just 42,959 RB. The Cotlook A index for June 12 was down 35 points from the previous day to 76.50 cents/lb. The weekly Average World Price (AWP) from USDA is 61.51 cents/lb and will be updated later today.

Jul 19 Cotton is at 67.25, up 68 points,

Oct 19 Cotton is at 67.56, up 115 points

Dec 19 Cotton is at 66.41, up 53 points

Mar 20 Cotton is at 66.990, up 41 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