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AgriCharts Market CommentaryDo you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily. Cotton Market CommentaryCotton futures were mostly 50 to 62 points in the red on Monday. The Fed is meeting this week, with most expecting a 0.25% increase to interest rates once meetings conclude on Wednesday. The Monday afternoon Crop Progress report showed that 58% of the US cotton crop had bolls open as of Sunday, with 16% harvested. Condition ratings were reported at 39% gd/ex, even with the week prior. The Brugler500 index saw a 5 point jump to 313 on fewer poor/very poor ratings. The Cotlook A index was down 20 points from the previous day at 88.10 cents/lb on September 21. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.
Cotton Market CommentaryCotton futures are steady to 3 points in the red at midday. The weekly Commitment of Traders report showed specs in cotton futures and options at their least bullish bet since November 2017 at 60,679 contracts. The Cotlook A index was down 20 points from the previous day at 88.10 cents/lb on September 21. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.
Cotton Market CommentaryCotton futures are trading 17 lower to as much as 3 points higher this morning. They saw 3 to 52 point gains on Friday, although Dec was down 3.3% on the week. As of September 13, upland cotton export commitments were 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. The weekly Commitment of Traders report showed specs in cotton futures and options at their least bullish bet since November 2017 at 60,679 contracts. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior. Cotton Market CommentaryCotton futures saw 3 to 52 point gains on Friday, as Dec was down 3.3% on the week. As of September 13, weekly export sales data shows upland cotton export commitments 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. The weekly Commitment of Traders report showed specs in cotton futures and options at their least bullish bet since November of 2017 at 60,679 contracts as of Tuesday. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.
Cotton Market CommentaryCotton futures are trading 5 to 37 points in the green at midday. As of September 13, weekly export sales data shows upland cotton export commitments 26.9% larger than the same week in 2017. Commitments, totaling 8.933 million RB, are 61% of the USDA 18/19 export projection vs. the normal pace of 41%. Mills had trimmed 1,109 contracts from their unfixed call sales position as of 9/14 to 36,040 contracts for December according to Thursday’s CFTC Cotton on Call report. The Cotlook A index was up 15 points from the previous day at 88.30 cents/lb on September 20. The USDA weekly AWP was updated to 71.59 cents/lb on Thursday, down 2.20 cents from the week prior.
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