AgriCharts Market Commentary

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Cotton

Cotton futures settled with 20 to 102 point gains, as nearby Dec was down 16 points following a jump on Tuesday. The US dollar was supportive to those back months, as it was down 674 points. Friday’s Export Sales report is expected to show good sales numbers, though down from last week’s “best of year” 507,700 RB of Upland sales. Online cash cotton sales on Tuesday reported by The Seam were trimmed to 18,290 bales, with prices dropping 132 points to 67.52 cents/lb. The Cotlook A index for November 21 was 145 points higher to 81.50 cents/lb. The biweekly Cotton Ginnings report will be released Friday morning at 11:00 a.m. CST.

Dec 17 Cotton closed at 70.740, down 16 points,

Mar 18 Cotton closed at 71.140, up 100 points

Jul 18 Cotton closed at 72.440, up 101 points

Cotton

Cotton futures are posting gains of 97 to 108 points in the nearby contracts at midday. The US dollar is supportive, down 500 points at noon. Online cash cotton sales on Tuesday reported by The Seam were trimmed to 18,290 bales, with prices dropping 132 points to 67.52 cents/lb. The Cotlook A index for November 21 was 145 points higher to 81.50 cents/lb. The biweekly Cotton Ginnings report will be released Friday morning at 11:00 a.m. CST. In addition, the weekly Export Sales report will be delayed until Friday morning at 7:30 a.m. CST due to the Thanksgiving holiday on Thursday.

Dec 17 Cotton is at 71.98, up 108 points,

Mar 18 Cotton is at 71.19, up 105 points

May 18 Cotton is at 71.98, up 102 points

Jul 18 Cotton is at 72.400, up 97 points

Cotton

Cotton futures are currently 27 to 42 points higher. They finished the Turnaround Tuesday session with losses of 31 to 71 points in most contracts. Harvest data from TX shows 67% of the crop is harvested, improving well over the average of 60%, as GA is 78% complete vs. the average of 74%. Online cash cotton sales reported by The Seam increased to 29,988 bales, with prices improving 156 points to 68.84 cents/lb. The Monday futures rally triggered some movement. The Cotlook A index for November 20 was 25 points higher to 80.05 cents/lb. The biweekly Cotton Ginnings report will be released Friday morning at 11:00 a.m. CST. In addition, the weekly Export Sales report will be delayed until Friday morning at 7:30 a.m. CST due to the Thanksgiving holiday on Thursday.

Cotton

Cotton futures finished the Tuesday session with losses of 31 to 71 points in most contracts. Harvest data from TX shows 67% of the crop is harvested, improving well over the average of 60%, as GA is 78% complete vs. the average of 74%. Online cash cotton sales reported by The Seam increased to 29,988 bales, with prices improving 156 points to 68.84 cents/lb. The Cotlook A index for November 20 was 25 points higher to 80.05 cents/lb. The biweekly Cotton Ginnings report will be released Friday morning at 11:00 a.m. CST. In addition, the weekly Export Sales report will be delayed until Friday morning at 7:30 a.m. CST due to the Thanksgiving holiday.

Dec 17 Cotton closed at 70.900, down 47 points,

Mar 18 Cotton closed at 70.140, down 71 points

Jul 18 Cotton closed at 71.430, down 54 points

Cotton

Cotton futures are mixed with nearby Dec up 5 points and back months lower at midday. A large unpriced on call position is capturing attention. The afternoon Crop Progress report showed the US cotton harvest picking up during the week ending Sunday, at 74% complete. Data from TX shows 67% of the crop is harvested, improving well over the average of 60%, as GA is 78% complete vs. the average of 74%. Online cash cotton sales reported by The Seam increased to 29,988 bales, with prices improving 156 points to 68.84 cents/lb. The Cotlook A index for November 20 was 25 points higher to 80.05 cents/lb.

Dec 17 Cotton is at 71.42, up 5 points,

Mar 18 Cotton is at 70.67, down 18 points

May 18 Cotton is at 71.48, down 13 points

Jul 18 Cotton is at 71.850, down 12 points


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
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