AgriCharts Market Commentary

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Cotton Market Commentary

Cotton 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.

DEC 18 Cotton closed at 78.51, down 62 points

MAR 19 Cotton closed at 78.92, down 59 points

MAY 19 Cotton closed at 79.54, down 59 points

Cotton Market Commentary

Cotton 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.

OCT 18 Cotton is at 79.28, unch,

DEC 18 Cotton is at 79.1, down 3 points

MAR 19 Cotton is at 79.5, down 1 point

MAY 19 Cotton is at 80.12, down 1 point

Cotton Market Commentary

Cotton 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 Commentary

Cotton 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.

OCT 18 Cotton closed at 79.1, up 3 points,

DEC 18 Cotton closed at 78.99, up 52 points

MAR 19 Cotton closed at 79.39, up 48 points

Cotton Market Commentary

Cotton 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.

OCT 18 Cotton is at 79.44, up 37 points,

DEC 18 Cotton is at 78.69, up 22 points

MAR 19 Cotton is at 79.13, up 22 points

MAY 19 Cotton is at 79.63, up 5 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
Web: http://bruglermarketing.com