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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. CottonCotton futures finished the Thursday session with nearby contracts 23 points higher and back months lower. This morning’s USDA Export Sales report indicated that 311,973 RB of old crop upland cotton was sold in the week of 4/19. That was a 7.48% jump from last week and is 170% larger than last year. New crop sales were reported at a MY high of 259,335 RB. Shipments of upland were reported at 421,431 RB, 16.43% above last week and 39.37% larger than last year. The Cotlook A index was down 2.50 cents from the previous day on April 25 to 90.70 cents/lb. The Adjusted World Price was updated to 74.25 cents/lb this morning, 9 points above the previous week.
CottonCotton futures are trading 8 to 31 points in the green at midday. This morning’s SDA Export Sales report indicated that 311,973 RB of old crop upland cotton was sold in the week of 4/19. That was a 7.48% jump from last week and is 170% larger than last year. New crop sales were reported at a MY high of 259,335 RB. Sales of Pima were shown at 6,000 RB. The Cotlook A index was down 2.50 cents from the previous day on April 25 to 90.70 cents/lb. The Adjusted World Price was updated to 74.25 cents/lb this morning, 9 points above the previous week.
CottonCotton futures are 16 to 54 points lower, excluding nearby May. May is in deliveries and is 34 higher with open interest declining rapidly. They posted sharp 175 to 250 point gains in the nearby contracts on Wednesday. The US dollar index was up 484 points but not much of a drag on prices. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through today, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered. CottonCotton futures posted sharp 175 to 250 point gains in the nearby contracts on Wednesday. The US dollar index was not much factor on the day, up 484 points. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through Thursday, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered.
CottonCotton futures are posting strong triple digit gains in most nearby contracts at midday. The US dollar index is not having much of a factor at the moment, up 341 points. Drier weather is seen over most of TX during the next week. The Cotlook A index was down 60 points from the previous day at 93.20 cents/lb. The Adjusted World Price, effective through Thursday, is currently at 74.16 cents/lb. China sold 14,648 MT of cotton from states reserves on Wednesday, totaling 48.82% of the total offered.
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