AgriCharts Market Commentary

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Cotton Market Commentary

Cotton futures settled the Wednesday session with most contracts 53 to 69 points in the green. The US dollar was weaker on the day and there was some bargain hunting. The weekly Crop Progress report indicated that TX had 93% of the bolls open and harvest progress at 42% vs. the 48% average. GA was reported at 61% harvested, compared to the average at 64%. The USDA weekly AWP is 69.86 cents/lb, good through this Thursday. The Cotlook A index was down 135 points from the previous day at 86.05 cents/lb on Nov 13. The Cert stocks level for delivery against Dec Futures has risen to 97,981 bales.

Dec 18 Cotton closed at 76.390, up 53 points,

Mar 19 Cotton closed at 78.350, up 69 points

May 19 Cotton closed at 79.630, up 64 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are 32 to 56 points higher in most contracts on Wednesday. The weekly Crop Progress report indicated that 54% of the US cotton crop was harvested as of 11/11, still trailing the 61% average. TX had 93% of the bolls open and harvest progress at 42% vs. the 48% average. The USDA weekly AWP is 69.86 cents/lb, good through this Thursday. The Cotlook A index was down 135 points from the previous day at 86.05 cents/lb on Nov 13. The Cert stocks level for delivery against Dec Futures has risen to 97,981 bales.

Dec 18 Cotton is at 76.29, up 43 points,

Mar 19 Cotton is at 78.22, up 56 points

May 19 Cotton is at 79.4, up 41 points

Jul 19 Cotton is at 80.470, up 32 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are trading 49 to 52 points higher this morning. They were 52 to 60 points lower on Tuesday after an overnight rally attempt failed. The US dollar index was down 369 points on the day, but a sharply lower crude oil pressured the market for synthetic fibers. The weekly Crop Progress report indicated that 54% of the US cotton crop was harvested as of 11/11, still trailing the 61% average. Snow can be a problem! The USDA weekly AWP is 69.86 cents/lb, good through this Thursday. The Cotlook A index was down 95 points from the previous day at 87.40 cents/lb on Nov 12.

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures failed to post a Turnaround Tuesday bounce, down 52 to 60 points following an overnight rally attempt. The US dollar index was down 369 points on the day, but a sharply lower crude oil pressured the market for synthetic fibers. The weekly Crop Progress report indicated that 54% of the US cotton crop was harvested as of 11/11, still trailing the 61% average. Snow can be a problem! The USDA weekly AWP is 69.86 cents/lb, good through this Thursday. The Cotlook A index was down 95 points from the previous day at 87.40 cents/lb on Nov 12.

Dec 18 Cotton closed at 75.860, down 52 points,

Mar 19 Cotton closed at 77.660, down 59 points

May 19 Cotton closed at 78.990, down 60 points

--provided by Brugler Marketing & Management

Cotton Market Commentary

Cotton futures are failing to post a Turnaround Tuesday bounce, down 61 to 67 points at midday following an overnight rally attempt. The US dollar index is down 405 points at midday, but sharply lower crude oil is pressuring the market for synthetics. Crop Progress data will be released this afternoon due to Monday’s federal holiday. The USDA weekly AWP is 69.86 cents/lb, good through this Thursday. The Cotlook A index was down 95 points from the previous day at 87.40 cents/lb on Nov 12.

Dec 18 Cotton is at 75.77, down 61 points,

Mar 19 Cotton is at 77.62, down 63 points

May 19 Cotton is at 78.92, down 67 points

Jul 19 Cotton is at 80.110, down 67 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