AgriCharts Market Commentary

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Cotton Rides Gains into the Weekend

Nearby cotton futures finish higher on Friday with gains of 54 to 61 points. The CFTC reported spec funds in cotton futures and options were net short by 14,272 positions, which is 975 less short than the previous release. Cotton weekly export sales were at 345,079 bales for the week ending 11/07, that is a 52.09% increase over the previous week. The USDA reported 126,177 bales shipped for the same week. Accumulated exports are now 2.610 million bales, 15.98% above last year’s pace. The PRC (China) occupied 24.13% of the weekly export sales, and the country was the destination for 12.43% of the shipments for that week. The Seam reported 5,353 bales sold online for 11/14, bringing the weekly accumulated sales to 18,087 bales. The 11/14 Cotlook A Index fell by 90 points to 74.90 cents/lb. Good through 11/21, yesterday’s updated AWP for cotton is 57.06 cents/lb, which was back up 46 points.

DEC 19 Cotton closed at 64.88, up 61 points,

MAR 19 Cotton closed at 66.71, up 63 points

MAY 20 Cotton closed at 67.88, up 61 points

JUL 20 Cotton closed at 68.83, up 54 points

--provided by Brugler Marketing & Management

Cotton Higher so far Ahead of Weekend

Nearby cotton futures are up by as much as 76 points at midday. Cotton weekly export sales were at 345,079 bales for the week ending 11/07, that is a 52.09% increase over the previous week. The USDA reported 126,177 bales shipped for the same week. Accumulated exports are now 2.610 million bales, 15.98% above last year’s pace. The PRC (China) occupied 24.13% of the weekly export sales, and the country was the destination for 12.43% of the shipments for that week. The 11/14 Cotlook A Index fell by 90 points to 74.90 cents/lb. Good through 11/21, yesterday’s updated AWP for cotton is 57.06 cents/lb, which was back up 46 points.

DEC 19 Cotton is at 64.93, up 66 points,

MAR 19 Cotton is at 66.83, up 75 points

MAY 20 Cotton is at 68.02, up 75 points

JUL 20 Cotton is at 69.05, up 76 points

--provided by Brugler Marketing & Management

Cotton Market 7 to 26 Points Higher

Cotton futures are 7 to 26 points higher ahead of the weekly USDA Export Sales report. Futures were mixed yesterday, with Dec futures up 4 points. The other nearby futures finished 4 to 7 points lower on Thursday. The 11/13 Cotlook A Index regained 40 points to 75.40 cents/lb. As of 11/14, cash sales on The Seam reached 12,734 bales through the week (average price of 57.76 cents/lb). That is 63.3% of last week’s total accumulated sales, and is up 3,718 bales over last week’s pace through 11/06. The updated AWP for cotton is 57.06 cents/lb, which was back up 46 points following last week’s number. The New AWP will be good until 11/21’s update.

--provided by Brugler Marketing & Management

Thursday Cotton Mostly Lower

Cotton futures were mixed after Thursday’s round of trading. Dec futures rallied to finish up 4 points after midday lows. The other nearby futures finished 4 to 7 points lower. The 11/13 Cotlook A Index regained 40 points to 75.40 cents/lb. As of 11/14, cash sales on The Seam reached 12,734 (ave. price of 57.76 cents/bale) bales through the week. That is 63.3% of last week’s total accumulated sales, and is up 3,718 bales over last week’s pace through 11/06. The USDA FSA updated the AWP for cotton to 57.06 cents/lb, that is back up 46 points following last week’s number. The New AWP will be good until 11/21’s update.

DEC 19 Cotton closed at 64.26, up 4 points,

MAR 19 Cotton closed at 66.01, down 4 points

MAY 20 Cotton closed at 67.2, down 4 points

JUL 20 Cotton closed at 68.3, down 7 points

--provided by Brugler Marketing & Management

Cotton Giving Back Wednesday Gains

Cotton futures are giving back some of Wednesday’s gains. Nearby contracts are 5 to 13 points lower so far. CONAB issued a 2.73 MMT forecast for the 19/20 Brazilian cotton crop, which is 10,000 above the October estimate. The 11/13 Cotlook A Index regained 40 points to 75.40 cents/lb. Later this Afternoon the USDA FSA will update the AWP for cotton, last week they revised it 70 points lower.

DEC 19 Cotton is at 64.15, down 7 points,

MAR 19 Cotton is at 65.97, down 8 points

MAY 20 Cotton is at 67.19, down 5 points

JUL 20 Cotton is at 68.24, down 13 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