Cotton Futures Extend Rally Into Thursday

Thursday trades have the cotton futures market up 66 to 102 points. Cotton prices closed the midweek session 28 to 65 points in the black, with July, October and December settling above 80 cents.

Monthly Census data showed February cotton exports were 1.571m bales. That was down 3% from January and down 20% from Feb 2020.

USDA’s DSQ for 4/7 showed 3,480 bales were sold at spot – all of which were in W. TX region. The Cotlook A index for 4/6 was 255 points weaker back down to 85.10 cents/lb. USDA’s AWP for cotton is 65.59 cents/lb through Thursday.

May 21 Cotton  closed at 79.5, up 28 points; adding another 102 points this morning

Jul 21 Cotton  closed at 80.84, up 37 points; and up 90 so far today,

Dec 21 Cotton  closed at 80.04, up 63 points; with 74 point Thursday morning gains




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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