AgriCharts Market Commentary

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Cotton Market News and Commentary

Cotton futures saw 19 to 32 point gains on Friday. Cotton commitments for export are now lagging a year ago by 2.5%. Compared to the USDA projected 15 million bales, they are 71% of that number vs. the 62% average for early December. Money managers in cotton futures and options trading added a net of just 85 contracts to their net long position as of 12/11 at 38,187 contracts. The Cotlook A index was down 5 points from the previous day on Dec 13 at 88.25 cents/lb. The weekly USDA AWP was updated to 69.77, good through next Thursday and up 43 points from the previous week.

Mar 19 Cotton closed at 79.600, up 19 points,

May 19 Cotton closed at 80.670, up 24 points

Jul 19 Cotton closed at 81.340, up 32 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are showing 43 to 50 point gains on Friday. Cotton commitments for export are now lagging a year ago by 2.5%. Compared to the USDA projected 15 million bales, they are 71% of that number vs. the 62% average for early December. The Cotlook A index was down 5 points from the previous day on Dec 13 at 88.25 cents/lb. The weekly USDA AWP was updated to 69.77, good through next Thursday and up 43 points from the previous week.

Mar 19 Cotton is at 79.84, up 43 points,

May 19 Cotton is at 80.9, up 47 points

Jul 19 Cotton is at 81.52, up 50 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are trading 31 to 74 points lower this morning. They were down 53 to 58 points on Thursday, following weak export sales data. This morning’s Export Sales report indicated that just 47,099 RB of 18/19 upland cotton was sold for export in the week of 12/6. That was well below this time last year and 50.35% lower than the week prior. Vietnam purchased 29,300 RB, with China the second largest buyer of 11,700 RB. Sales of 19/20 upland cotton were 33,528 RB. Export shipments were down 2.53% from a week ago and 7.22% below last year at 154,547 RB. The Cotlook A index was up 5 points from the previous day on Dec 12 at 88.30 cents/lb. The weekly USDA AWP was updated to 69.77, good through next Thursday and up 43 points from the previous week.

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures were down 53 to 58 points on the day, following weak export sales data. This morning’s Export Sales report indicated that just 47,099 RB of 18/19 upland cotton was sold for export in the week of 12/6. That was well below this time last year and 50.35% lower than the week prior. Vietnam purchased 29,300 RB, with China the second largest buyer of 11,700 RB. Reductions of 28,600 RB was reported for Bangladesh. Sales of 19/20 upland cotton were 33,528 RB. Export shipments were down 2.53% from a week ago and 7.22% below last year at 154,547 RB. The Cotlook A index was up 5 points from the previous day on Dec 12 at 88.30 cents/lb. The weekly USDA AWP was updated to 69.77, good through next Thursday and up 43 points from the previous week.

Mar 19 Cotton closed at 79.410, down 56 points,

May 19 Cotton closed at 80.430, down 58 points

Jul 19 Cotton closed at 81.020, down 53 points

--provided by Brugler Marketing & Management

Cotton Market News and Commentary

Cotton futures are showing 60 to 77 point losses on Thursday, following weak export sales data. This morning’s Export Sales report indicated that just 47,099 RB of 18/19 upland cotton was sold for export in the week of 12/6. That was well below this time last year and 50.35% lower than the week prior. Vietnam purchased 29,300 RB, with China the second largest buyer of 11,700 RB. Reductions of 28,600 RB was reported for Bangladesh. Sales of 19/20 upland cotton were 33,528 RB. The Cotlook A index was up 5 points from the previous day on Dec 12 at 88.30 cents/lb. The weekly USDA AWP was updated to 69.77, good through next Thursday and up 43 points from the week previous.

Mar 19 Cotton is at 79.2, down 77 points,

May 19 Cotton is at 80.31, down 70 points

Jul 19 Cotton is at 80.95, down 60 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